Gold Technical Analysis August 16, 2021
The Gold rose 1.49% against the USD on Friday and closed at 1779.80. Today in the Asian session, while Gold technical Analysis August 16, 2021 is preparing at 4:45 GMT, the XAU/USD trading at 1781.00, which is 0.07% higher from Yesterday’s close.
The Gold is expected to find support at 1771.00, and a fall through could take it to the next support level of 1761.00. The pair is expected to find its first resistance at 1765.00, and a rise through could take it to the next resistance level of 1792.00. Today’s expected trading range is between 1742.00, support and 1807.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1771.00
Support 2: 1761:00
Support 3: 1742:00
Important resistance levels:
Resistance 1: 1791.00
Resistance 2: 1800.00
Resistance 3: 1807.00