Gold Technical Analysis August 30, 2022
The Gold rose 0.16% against the USD on Monday and closed at 1737.76. Today in the European session, while the Gold technical Analysis August 30, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1732.00, which is 0.32% lower than Yesterday’s close.
The Gold is expected to find support at 1725.00, and a fall through could take it to the next support level of 1720.00. The pair is expected to find its first resistance at 1745.00, and a rise through could take it to the next resistance level of 1756.00. Today’s expected trading range is between 1712.00, support, and 1765.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1725.00
Support 2: 1720.00
Support 3: 1712.00
Important resistance levels:
Resistance 1: 1745.00
Resistance 2: 1756.00
Resistance 3: 1765.00