Gold Technical Analysis July 15, 2022
The Gold declined 1.46% against the USD on Thursday and closed at 1710.70. Today in the European session, while the Gold technical Analysis July 15, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1703.00, which is 0.43% lower than Yesterday’s close.
The Gold is expected to find support at 1698.00, and a fall through could take it to the next support level of 1691.00. The pair is expected to find its first resistance at 1716.00, and a rise through could take it to the next resistance level of 1732.00. Today’s expected trading range is between 1685.00, support, and 1744.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1698.00
Support 2: 1691:00
Support 3: 1685:00
Important resistance levels:
Resistance 1: 1716.00
Resistance 2: 1732.00
Resistance 3: 1744.00