Gold Technical Analysis August 24, 2021
The Gold rose 1.31% against the USD on Monday and closed at 1805.00. Today in the Asian session, while Gold technical Analysis August 24, 2021 is preparing at 5:45 GMT, the XAU/USD trading at 1804.50, which is 0.05% lower from Yesterday’s close.
The Gold is expected to find support at 1795.00, and a fall through could take it to the next support level of 1786.00. The pair is expected to find its first resistance at 1807.00, and a rise through could take it to the next resistance level of 1814.00. Today’s expected trading range is between 1775.00, support and 1831.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1795.00
Support 2: 1786:00
Support 3: 1775:00
Important resistance levels:
Resistance 1: 1807.00
Resistance 2: 1814.00
Resistance 3: 1831.00