Gold Technical Analysis 8 July 2021
The Gold rose 0.40% against the USD on Thursday and closed at 1803.60. Today in the Asian session, while Gold technical Analysis 8 July 2021 is preparing at 5:15 GMT, the XAU/USD trading at 1815.00, which is 0.65% higher from Yesterday’s close.
The Gold is expected to find support at 1796.00, and a fall through could take it to the next support level of 1790.00. The pair is expected to find its first resistance at 1817.00, and a rise through could take it to the next resistance level of 1821.00. Today’s expected trading range is between 1786.00, support and 1831.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1796.00
Support 2: 1790:00
Support 3: 1786:00
Important resistance levels:
Resistance 1: 1817.00
Resistance 2: 1821.00
Resistance 3: 1831.00