Gold Technical Analysis August 20, 2021
The Gold declined 0.41% against the USD on Thursday and closed at 1780.00. Today in the Asian session, while Gold technical Analysis August 20, 2021 is preparing at 5:45 GMT, the XAU/USD trading at 1785.00, which is 0.30%higher from Yesterday’s close.
The Gold is expected to find support at 1775.00, and a fall through could take it to the next support level of 1771.00. The pair is expected to find its first resistance at 1795.00, and a rise through could take it to the next resistance level of 1807.00. Today’s expected trading range is between 1757.00, support and 1814.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1775.00
Support 2: 1771:00
Support 3: 1757:00
Important resistance levels:
Resistance 1: 1795.00
Resistance 2: 1807.00
Resistance 3: 1814.00