Gold Technical Analysis August 23, 2022
The Gold rose 0.57% against the USD on Monday and closed at 1735.75. Today in the European session, while the Gold technical Analysis August 23, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1739.00, which is 0.20% higher than Yesterday’s close.
The Gold is expected to find support at 1728.00, and a fall through could take it to the next support level of 1712.00. The pair is expected to find its first resistance at 1748.00, and a rise through could take it to the next resistance level of 1748.00. Today’s expected trading range is between 1698.00, support, and 1761.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1728.00
Support 2: 1712:00
Support 3: 1698:00
Important resistance levels:
Resistance 1: 1748.00
Resistance 2: 1758.00
Resistance 3: 1761.00