Gold Technical Analysis August 26, 2022
The Gold rose 0.40% against the USD on Thursday and closed at 1758.36. Today in the European session, while the Gold technical Analysis August 26, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1747.00, which is 0.63% lower than Yesterday’s close.
The Gold is expected to find support at 1743.00, and a fall through could take it to the next support level of 1731.00. The pair is expected to find its first resistance at 1758.00, and a rise through could take it to the next resistance level of 1765.00. Today’s expected trading range is between 1728.00, support, and 1772.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1743.00
Support 2: 1731.00
Support 3: 1728.00
Important resistance levels:
Resistance 1: 1758.50
Resistance 2: 1765.00
Resistance 3: 1772.00