Gold Technical Analysis December 6, 2022
The Gold declined 1.48% against the USD on Monday and closed at 1768.50. Today in the European session, while the Gold technical Analysis December 6, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1771.00, which is 0.14% higher than Yesterday’s close.
The Gold is expected to find support at 1766.00, and a fall through could take it to the next support level of 1745.00. The pair is expected to find its first resistance at 1779.00, and a rise through could take it to the next resistance level of 1798.00. Today’s expected trading range is between 1739.00, support, and 1810.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1766.00
Support 2: 1745.00
Support 3: 1739.00
Important resistance levels:
Resistance 1: 1779.00
Resistance 2: 1798.00
Resistance 3: 1810.00