Gold Technical Analysis August 4, 2021
The Gold declined 0.19% against the USD on Tuesday and closed at 1810.10. Today in the Asian session, while Gold technical Analysis August 4, 2021 is preparing at 4:45 GMT, the XAU/USD trading at 1813.00, which is 0.15% higher from Yesterday’s close.
The Gold is expected to find support at 1806.00, and a fall through could take it to the next support level of 1800.00. The pair is expected to find its first resistance at 1815.00, and a rise through could take it to the next resistance level of 1819.00. Today’s expected trading range is between 1794.00, support and 1833.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1806.00
Support 2: 1800:00
Support 3: 1794:00
Important resistance levels:
Resistance 1: 1815.00
Resistance 2: 1819.00
Resistance 3: 1833.00