Gold Technical Analysis July 19, 2022
The Gold rose 0.12% against the USD on Monday and closed at 1708.90. Today in the European session, while the Gold technical Analysis July 19, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1713.00, which is 0.424% higher than Yesterday’s close.
The Gold is expected to find support at 1705.50, and a fall through could take it to the next support level of 1698.00. The pair is expected to find its first resistance at 1718.00, and a rise through could take it to the next resistance level of 1723.00. Today’s expected trading range is between 1685.00, support, and 1745.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1705.50
Support 2: 1698:00
Support 3: 1685:00
Important resistance levels:
Resistance 1: 1718.00
Resistance 2: 1723.00
Resistance 3: 1745.00