Gold Technical Analysis August 11, 2022
The Gold declined 0.11% against the USD on Wednesday and closed at 1792.00. Today in the European session, while the Gold technical Analysis August 11, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1794.00, which is 0.12% higher than Yesterday’s close.
The Gold is expected to find support at 1794.00, and a fall through could take it to the next support level of 1771.00. The pair is expected to find its first resistance at 1799.00, and a rise through could take it to the next resistance level of 1807.00. Today’s expected trading range is between 1765.00, support, and 1820.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1894.00
Support 2: 1771:00
Support 3: 1765:00
Important resistance levels:
Resistance 1: 1799.00
Resistance 2: 1807.00
Resistance 3: 1820.00