Gold Technical Analysis August 9, 2021
The Gold declined 2.30% against the USD on Friday and closed at 1763.00. Today in the Asian session, while Gold technical Analysis August 9, 2021 is preparing at 4:45 GMT, the XAU/USD trading at 1740.00, which is 1.30% lower from Yesterday’s close.
The Gold is expected to find support at 1730.00, and a fall through could take it to the next support level of 1700.00. The pair is expected to find its first resistance at 1752.00, and a rise through could take it to the next resistance level of 1770.00. Today’s expected trading range is between 1700.00, support and 1791.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1730.00
Support 2: 1700:00
Support 3: 1685:00
Important resistance levels:
Resistance 1: 1752.00
Resistance 2: 1770.00
Resistance 3: 1791.00