Gold Technical Analysis August 18, 2022
The Gold declined 0.77% against the USD on Wednesday and closed at 1762.26. Today in the European session, while the Gold technical Analysis August 18, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1766.50, which is 0.21% higher than Yesterday’s close.
The Gold is expected to find support at 1760.00, and a fall through could take it to the next support level of 1755.00. The pair is expected to find its first resistance at 1767.00, and a rise through could take it to the next resistance level of 1782.00. Today’s expected trading range is between 1735.00, support, and 1792.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1760.00
Support 2: 1755:00
Support 3: 1735:00
Important resistance levels:
Resistance 1: 1767.00
Resistance 2: 1782.00
Resistance 3: 1792.00