Gold Technical Analysis Aug 10, 2023
The Gold declined 0.15% against the USD on Thursday and closed at 1912.35. Today in the European session, while the Gold technical Analysis Aug 10, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1926.50, which is 0.10% higher than Yesterday’s close.
The Gold is expected to find support at 1911.00, and a fall-through could take it to the next support level of 1903.00. The pair is expected to find its first resistance at 1920.00, and a rise-through could take it to the next resistance level of 1924.00. Today’s expected trading range is between 1892.00 support and 1932.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1911.00
Support 2: 1903.00
Support 3: 1892.00
Important resistance levels:
Resistance 1: 1920.00
Resistance 2: 1924.00
Resistance 3: 1932.00