Gold Technical Analysis July 21, 2022
The Gold declined 0.85% against the USD on Tuesday and closed at 1696.70. Today in the European session, while the Gold technical Analysis July 21, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1683.00, which is 0.80% lower than Yesterday’s close.
The Gold is expected to find support at 1678.00, and a fall through could take it to the next support level of 1671.00. The pair is expected to find its first resistance at 1698.00, and a rise through could take it to the next resistance level of 1705.00. Today’s expected trading range is between 1650.00, support, and 1710.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1678.00
Support 2: 1671:00
Support 3: 1650:00
Important resistance levels:
Resistance 1: 1698.00
Resistance 2: 1705.00
Resistance 3: 1710.00