Gold Technical Analysis August 24, 2022
The Gold rose 0.72% against the USD on Tuesday and closed at 1748.32. Today in the European session, while the Gold technical Analysis August 24, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1752.00, which is 0.21% higher than Yesterday’s close.
The Gold is expected to find support at 1744.50, and a fall through could take it to the next support level of 1734.50. The pair is expected to find its first resistance at 1753.50, and a rise through could take it to the next resistance level of 1758.00. Today’s expected trading range is between 1728.00, support, and 1772.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1744.50
Support 2: 1734:50
Support 3: 1728:00
Important resistance levels:
Resistance 1: 1753.50
Resistance 2: 1758.00
Resistance 3: 1772.00