Gold Technical Analysis June 12, 2023
The Gold declined 0.28% against the USD on Friday and closed at 1960.50. Today in the European session, while the Gold technical Analysis June 12, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1964.00, which is 0.17% lower than Yesterday’s close.
The Gold is expected to find support at 1954.00, and a fall-through could take it to the next support level of 1944.00. The pair is expected to find its first resistance at 1969.00, and a rise-through could take it to the next resistance level of 1972.00. Today’s expected trading range is between 1938.00 support, and 1982.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1954.00
Support 2: 1944.00
Support 3: 1938.00
Important resistance levels:
Resistance 1: 1969.00
Resistance 2: 1972.00
Resistance 3: 1982.00