Gold Technical Analysis 7 July 2021
The Gold rose 0.32% against the USD on Tuesday and closed at 1797.00. Today in the Asian session, while Gold technical Analysis 7 July 2021 is preparing at 5:15 GMT, the XAU/USD trading at 1804.00, which is 0.37% higher from Yesterday’s close.
The Gold is expected to find support at 1794.00, and a fall through could take it to the next support level of 1786.00. The pair is expected to find its first resistance at 1811.00, and a rise through could take it to the next resistance level of 1815.00. Today’s expected trading range is between 1780.00, support and 1821.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1794.00
Support 2: 1786:00
Support 3: 1780:00
Important resistance levels:
Resistance 1: 1811.00
Resistance 2: 1815.00
Resistance 3: 1821.00