Gold Technical Analysis August 22, 2022
The Gold declined 0.67% against the USD on Friday and closed at 1747.13. Today in the European session, while the Gold technical Analysis August 22, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1735.00, which is 0.69% lower than Yesterday’s close.
The Gold is expected to find support at 1731.00, and a fall through could take it to the next support level of 1712.00. The pair is expected to find its first resistance at 1745.00, and a rise through could take it to the next resistance level of 1749.00. Today’s expected trading range is between 1712.00, support, and 1758.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1731.00
Support 2: 1712:00
Support 3: 1700:00
Important resistance levels:
Resistance 1: 1745.00
Resistance 2: 1749.00
Resistance 3: 1758.00