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Gold Technical Analysis August 12, 2022


Gold Technical Analysis August 12, 2022

The Gold declined 0.17% against the USD on Thursday and closed at 1789.60. Today in the European session, while the Gold technical Analysis August 12, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1786.00, which is 0.15% lower than 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 1783.00. The pair is expected to find its first resistance at 1794.00, and a rise through could take it to the next resistance level of 1799.00. Today’s expected trading range is between 1765.00, support, and 1807.00 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1885.00
Support 2: 1783:00
Support 3: 1765:00

Important resistance levels:

Resistance 1: 1794.00
Resistance 2: 1799.00
Resistance 3: 1807.00

Crude Oil Technical Analysis August 12, 2022

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