Gold Technical Analysis June 28, 2023
The Gold declined 0.56% against the USD on Tuesday and closed at 1913.00. Today in the European session, while the Gold technical Analysis June 28, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1911.00, which is 0.09% lower than Yesterday’s close.
The Gold is expected to find support at 1905.00, and a fall-through could take it to the next support level of 1900.00. The pair is expected to find its first resistance at 1917.00, and a rise-through could take it to the next resistance level of 1930.00. Today’s expected trading range is between 1892.00 support, and 1933.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1905.00
Support 2: 1900.00
Support 3: 1892.00
Important resistance levels:
Resistance 1: 1917.00
Resistance 2: 1930.00
Resistance 3: 1933.00