Gold Technical Analysis 2 July 2021
Gold Technical Analysis: The Gold rose 0.37% against the USD on Wednesday and closed at 1776.50. Today in the Asian session, while Gold technical Analysis 2 July 2021 is preparing at 5:15 GMT, the XAU/USD trading at 1783.00, which is 0.36% higher from Yesterday’s close.
The Gold is expected to find support at 1775.00, and a fall through could take it to the next support level of 1767.00. The pair is expected to find its first resistance at 1784.00, and a rise through could take it to the next resistance level of 1790.00. Today’s expected trading range is between 1767.00, support and 1795.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1775.00
Support 2: 1767:00
Support 3: 1751:00
Important resistance levels:
Resistance 1: 1784.00
Resistance 2: 1790.00
Resistance 3: 1795.00
Gold buying opportunity for intraday trading on July 2, 2021
Buy near the support zones 1775.00 and 1767.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
Gold selling opportunity for intraday trading on July 2, 2021
Sell near the resistance zones 1784.00 and 1790.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.