Gold Technical Analysis July 5, 2023
The Gold rose 0.25% against the USD on Tuesday and closed at 1925.80. Today in the European session, while the Gold technical Analysis July 5, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1929.50, which is 0.39% higher than Yesterday’s close.
The Gold is expected to find support at 1921.00, and a fall-through could take it to the next support level of 1910.00. The pair is expected to find its first resistance at 1930.00, and a rise-through could take it to the next resistance level of 1936.00. Today’s expected trading range is between 1900.00 support, and 1946.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1921.00
Support 2: 1910.00
Support 3: 1900.00
Important resistance levels:
Resistance 1: 1930.00
Resistance 2: 1936.00
Resistance 3: 1946.00