Gold Technical Analysis December 12, 2022
The Gold rose 0.40% against the USD on Friday and closed at 1796.90. Today in the European session, while the Gold technical Analysis December 12, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1792.00, which is 0.27% lower than Yesterday’s close.
The Gold is expected to find support at 1786.00, and a fall through could take it to the next support level of 1782.00. The pair is expected to find its first resistance at 1797.00, and a rise through could take it to the next resistance level of 1806.00. Today’s expected trading range is between 1767.00, support, and 1809.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1786.00
Support 2: 1782.00
Support 3: 1767.00
Important resistance levels:
Resistance 1: 1797.00
Resistance 2: 1806.00
Resistance 3: 1809.50