Gold Technical Analysis August 9, 2022
The Gold rose 0.90% against the USD on Monday and closed at 1989.50. Today in the European session, while the Gold technical Analysis August 9, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1784.00, which is 0.30% lower than Yesterday’s close.
The Gold is expected to find support at 1777.00, and a fall through could take it to the next support level of 1772.00. The pair is expected to find its first resistance at 1790.00, and a rise through could take it to the next resistance level of 1795.00. Today’s expected trading range is between 1765.00, support, and 1812.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1777.00
Support 2: 1772:00
Support 3: 1765:00
Important resistance levels:
Resistance 1: 1790.00
Resistance 2: 1795.00
Resistance 3: 1812.00