Gold Technical Analysis December 8, 2022
The Gold rose 0.86% against the USD on Wednesday and closed at 1786.10. Today in the European session, while the Gold technical Analysis December 8, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1785.00, which is 0.06% lower than Yesterday’s close.
The Gold is expected to find support at 1782.00, and a fall through could take it to the next support level of 1767.00. The pair is expected to find its first resistance at 1790.00, and a rise through could take it to the next resistance level of 1798.00. Today’s expected trading range is between 1760.00, support, and 1809.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1782.00
Support 2: 1767.00
Support 3: 1760.00
Important resistance levels:
Resistance 1: 1790.00
Resistance 2: 1798.00
Resistance 3: 1809.50