Gold Technical Analysis July 12, 2021
The Gold rose 0.28% against the USD on Friday and closed at 1808.00. Today in the Asian session, while Gold technical Analysis July 12, 2021 is preparing at 5:15 GMT, the XAU/USD trading at 1803.00, which is 0.27% lower from Yesterday’s close.
The Gold is expected to find support at 1799.00, and a fall through could take it to the next support level of 1790.00. The pair is expected to find its first resistance at 1812.00, and a rise through could take it to the next resistance level of 1815.00. Today’s expected trading range is between 1786.00, support and 1821.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1799.00
Support 2: 1790:00
Support 3: 1786:00
Important resistance levels:
Resistance 1: 1812.00
Resistance 2: 1815.00
Resistance 3: 1818.00