Gold Technical Analysis July 4, 2022
The Gold rose 0.10% against the USD on Friday and closed at 1808.50. Today in the European session, while Gold technical Analysis 31 May 2022, is preparing at 11:45 GMT, the XAU/USD trading at 1805.70, which is 0.15% lower than Yesterday’s close.
The Gold is expected to find support at 1803.00, and a fall through could take it to the next support level of 1798.00. 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 1817.00. Today’s expected trading range is between 1785.00, support, and 1825.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1803.00
Support 2: 1798:00
Support 3: 1785:00
Important resistance levels:
Resistance 1: 1814.00
Resistance 2: 1817.00
Resistance 3: 1825.00