Gold Technical Analysis August 31, 2022
The Gold declined 0.78% against the USD on Tuesday and closed at 1724.40. Today in the European session, while the Gold technical Analysis August 31, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1711.00, which is 0.77% lower than Yesterday’s close.
The Gold is expected to find support at 1710.00, and a fall through could take it to the next support level of 1700.00. The pair is expected to find its first resistance at 1721.00, and a rise through could take it to the next resistance level of 1726.00. Today’s expected trading range is between 1681.00, support, and 1737.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1710.00
Support 2: 1700.00
Support 3: 1681.00
Important resistance levels:
Resistance 1: 1721.00
Resistance 2: 1726.00
Resistance 3: 1737.00