Gold Technical Analysis August 6, 2021
The Gold declined 0.46% against the USD on Thursday and closed at 1803.75. Today in the Asian session, while Gold technical Analysis August 6, 2021 is preparing at 4:45 GMT, the XAU/USD trading at 1799.00, which is 0.27% lower from Yesterday’s close.
The Gold is expected to find support at 1794.00, 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 1814.00, and a rise through could take it to the next resistance level of 1824.00. Today’s expected trading range is between 1786.00, support and 1831.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1794.00
Support 2: 1790:00
Support 3: 1786:00
Important resistance levels:
Resistance 1: 1814.00
Resistance 2: 1824.00
Resistance 3: 1831.00