Gold Technical Analysis July 27, 2023
The Gold rose 0.37% against the USD on Wednesday and closed at 1972.00. Today in the European session, while the Gold technical Analysis July 27, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1948.00, which is 1.27% lower than Yesterday’s close.
The Gold is expected to find support at 1962.00, and a fall-through could take it to the next support level of 1952.00. The pair is expected to find its first resistance at 1982.00, and a rise-through could take it to the next resistance level of 1987.00. Today’s expected trading range is between 1946.00 support and 1992.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1945.00
Support 2: 1940.00
Support 3: 1934.00
Important resistance levels:
Resistance 1: 1982.00
Resistance 2: 1987.00
Resistance 3: 1992.00