Gold Technical Analysis August 19, 2021
The Gold rose 0.08% against the USD on Wednesday and closed at 1787.75. Today in the Asian session, while Gold technical Analysis August 19, 2021 is preparing at 5:45 GMT, the XAU/USD trading at 1781.00, which is 0.37% lower from Yesterday’s close.
The Gold is expected to find support at 1771.00, and a fall through could take it to the next support level of 1757.00. The pair is expected to find its first resistance at 1788.00, and a rise through could take it to the next resistance level of 1795.00. Today’s expected trading range is between 1757.00, support and 1807.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1771.00
Support 2: 1757:00
Support 3: 1742:00
Important resistance levels:
Resistance 1: 1788.00
Resistance 2: 1795.00
Resistance 3: 1807.00