Gold Technical Analysis July 8, 2022
The Gold declined 0.01% against the USD on Thursday and closed at 1740.00. Today in the European session, while Gold technical Analysis 31 May 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1739.80, which is 0.01% lower than Yesterday’s close.
The Gold is expected to find support at 1733.00, and a fall through could take it to the next support level of 1723.00. The pair is expected to find its first resistance at 1748.00, and a rise through could take it to the next resistance level of 1767.00. Today’s expected trading range is between 1700.00, support, and 1785.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1733.00
Support 2: 1723:00
Support 3: 1700:00
Important resistance levels:
Resistance 1: 1748.00
Resistance 2: 1767.00
Resistance 3: 1785.00