Gold Technical Analysis July 1, 2022
The Gold declined 0.60% against the USD on Thursday and closed at 1807.25. Today in the European session, while Gold technical Analysis 31 May 2022, is preparing at 11:45 GMT, the XAU/USD trading at 1887.00, which is 1.10% lower than Yesterday’s close.
The Gold is expected to find support at 1785.00, and a fall through could take it to the next support level of 1780.00. The pair is expected to find its first resistance at 1805.00, and a rise through could take it to the next resistance level of 1812.00. Today’s expected trading range is between 1775.00, support, and 1825.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1785.00
Support 2: 1780:00
Support 3: 1775:00
Important resistance levels:
Resistance 1: 1805.00
Resistance 2: 1812.00
Resistance 3: 1825.00