Gold Technical Analysis 5 July 2021
The Gold rose 0.62% against the USD on Friday and closed at 1787.30. Today in the Asian session, while Gold technical Analysis 5 July 2021 is preparing at 5:15 GMT, the XAU/USD trading at 1793.00, which is 0.33% higher from Yesterday’s close.
The Gold is expected to find support at 1785.00, and a fall through could take it to the next support level of 1776.00. The pair is expected to find its first resistance at 1795.00, and a rise through could take it to the next resistance level of 1805.00. Today’s expected trading range is between 1751.00, support and 1821.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1785.00
Support 2: 1776:00
Support 3: 1751:00
Important resistance levels:
Resistance 1: 1795.00
Resistance 2: 1805.00
Resistance 3: 1821.00