Gold Technical Analysis June 1, 2023
The Gold rose 0.21% against the USD on Wednesday and closed at 1963.00. Today in the European session, while the Gold technical Analysis June 1, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1967.00, which is 0.20% higher than Yesterday’s close.
The Gold is expected to find support at 1954.00, and a fall-through could take it to the next support level of 1939.00. The pair is expected to find its first resistance at 1974.00, and a rise-through could take it to the next resistance level of 1984.00. Today’s expected trading range is between 1932.00 support, and 1999.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1954.00
Support 2: 1939.00
Support 3: 1932.00
Important resistance levels:
Resistance 1: 1974.00
Resistance 2: 1984.00
Resistance 3: 1999.00