Gold Technical Analysis July 31, 2023
The Gold rose 0.64% against the USD on Friday and closed at 1959.00. Today in the European session, while the Gold technical Analysis July 31, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1960.00, which is 0.05% higher than Yesterday’s close.
The Gold is expected to find support at 1950.00, and a fall-through could take it to the next support level of 1948.00. The pair is expected to find its first resistance at 1963.00, and a rise-through could take it to the next resistance level of 1966.00. Today’s expected trading range is between 1942.00 support and 1982.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1950.00
Support 2: 1948.00
Support 3: 1942.00
Important resistance levels:
Resistance 1: 1963.00
Resistance 2: 1966.00
Resistance 3: 1982.00
Crude Oil Technical Analysis July 31, 2023