Gold Technical Analysis Aug 21, 2023
The Gold declined 0.01% against the USD on Friday and closed at 1889.50. Today in the European session, while the Gold technical Analysis Aug 21, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1889.00, which is 0.03% lower than Yesterday’s close.
The Gold is expected to find support at 1885.00, and a fall-through could take it to the next support level of 1875.00. The pair is expected to find its first resistance at 1895.00, and a rise-through could take it to the next resistance level of 1903.00. Today’s expected trading range is between 1855.00 support and 1906.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1885.00
Support 2: 1875.00
Support 3: 1855.00
Important resistance levels:
Resistance 1: 1895.00
Resistance 2: 1903.00
Resistance 3: 1906.00