Gold Technical Analysis August 11, 2021
The Gold declined 0.01% against the USD on Tuesday and closed at 1728.80. Today in the Asian session, while Gold technical Analysis August 11, 2021 is preparing at 4:45 GMT, the XAU/USD trading at 1729.00, which is 0.57% higher from Yesterday’s close.
The Gold is expected to find support at 1724.00, and a fall through could take it to the next support level of 1718.00. The pair is expected to find its first resistance at 1737.00, and a rise through could take it to the next resistance level of 1752.00. Today’s expected trading range is between 1700.00, support and 1765.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1724.00
Support 2: 1718:00
Support 3: 1700:00
Important resistance levels:
Resistance 1: 1740.00
Resistance 2: 1752.00
Resistance 3: 1765.00