Gold Technical Analysis August 12, 2021
The Gold rose 1.25% against the USD on Wednesday and closed at 1751.50. Today in the Asian session, while Gold technical Analysis August 12, 2021 is preparing at 4:45 GMT, the XAU/USD trading at 1747.00, which is 0.27% lower from Yesterday’s close.
The Gold is expected to find support at 1742.00, and a fall through could take it to the next support level of 1732.00. The pair is expected to find its first resistance at 1758.00, and a rise through could take it to the next resistance level of 1762.00. Today’s expected trading range is between 1718.00, support and 1767.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1743.00
Support 2: 1732:00
Support 3: 1718:00
Important resistance levels:
Resistance 1: 1758.00
Resistance 2: 1762.00
Resistance 3: 1767.00