Gold Technical Analysis August 3, 2022
The Gold declined 0.59% against the USD on Tuesday and closed at 1761.40. Today in the European session, while the Gold technical Analysis August 3, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1766.00, which is 0.25% higher than Yesterday’s close.
The Gold is expected to find support at 1755.00, and a fall through could take it to the next support level of 1735.00. The pair is expected to find its first resistance at 1770.00, and a rise through could take it to the next resistance level of 1787.00. Today’s expected trading range is between 1712.00, support, and 1798.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1755.00
Support 2: 1735:00
Support 3: 1712:00
Important resistance levels:
Resistance 1: 1770.00
Resistance 2: 1787.00
Resistance 3: 1798.00