Gold Technical Analysis 8 June 2022
The Gold rose 0.47% against the USD on Tuesday and closed at 1852.00. Today in the Asian session, while Gold technical Analysis 31 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1848.00, which is 0.21% lower than Yesterday’s close.
The Gold is expected to find support at 1842.00, and a fall through could take it to the next support level of 1837.00. The pair is expected to find its first resistance at 1855.50, and a rise through could take it to the next resistance level of 1858.0. Today’s expected trading range is between 1829.00, support, and 1874.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1842.00
Support 2: 1837:00
Support 3: 1829:00
Important resistance levels:
Resistance 1: 1855.50
Resistance 2: 1858.00
Resistance 3: 1874.00