Gold Technical Analysis 7 June 2022
The Gold declined 0.47% against the USD on Monday and closed at 1842.10. Today in the Asian session, while Gold technical Analysis 31 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1848.00, which is 0.33% higher than Yesterday’s close.
The Gold is expected to find support at 1837.00, and a fall through could take it to the next support level of 1835.00. The pair is expected to find its first resistance at 1848.50, and a rise through could take it to the next resistance level of 1858.0. Today’s expected trading range is between 1829.00, support, and 1874.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1837.00
Support 2: 1835:00
Support 3: 1829:00
Important resistance levels:
Resistance 1: 1848.50
Resistance 2: 1858.00
Resistance 3: 1874.00