Gold Technical Analysis June 16, 2023
The Gold rose 0.73% against the USD on Thursday and closed at 1975.90. Today in the European session, while the Gold technical Analysis June 16, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1963.00, which is 0.26% higher 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 1940.00. The pair is expected to find its first resistance at 1967.00, and a rise-through could take it to the next resistance level of 1970.00. Today’s expected trading range is between 1925.00 support, and 1982.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1954.00
Support 2: 1940.00
Support 3: 1925.00
Important resistance levels:
Resistance 1: 1967.00
Resistance 2: 1970.00
Resistance 3: 1982.00