Gold Technical Analysis August 19, 2022
The Gold declined 0.21% against the USD on Thursday and closed at 1758.70. Today in the European session, while the Gold technical Analysis August 19, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1754.00, which is 0.29% lower than Yesterday’s close.
The Gold is expected to find support at 1752.00, and a fall through could take it to the next support level of 1744.00. The pair is expected to find its first resistance at 1761.00, and a rise through could take it to the next resistance level of 1772.00. Today’s expected trading range is between 1735.00, support, and 1782.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1752.00
Support 2: 1744:00
Support 3: 1735:00
Important resistance levels:
Resistance 1: 1761.00
Resistance 2: 1772.00
Resistance 3: 1782.00