Gold Technical Analysis August 4, 2022
The Gold rose 0.22% against the USD on Wednesday and closed at 1765.90. Today in the European session, while the Gold technical Analysis August 4, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1781.00, which is 0.87% higher than Yesterday’s close.
The Gold is expected to find support at 1770.00, and a fall through could take it to the next support level of 1755.00. The pair is expected to find its first resistance at 1783.00, 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 Bullish
Important support levels:
Support 1: 1770.00
Support 2: 1755:00
Support 3: 1752:00
Important resistance levels:
Resistance 1: 1783.00
Resistance 2: 1787.00
Resistance 3: 1798.00