Gold Technical Analysis December 7, 2022
The Gold rose 0.18% against the USD on Tuesday and closed at 1771.10. Today in the European session, while the Gold technical Analysis December 7, 2022, is prepared at 5:15 GMT, the XAU/USD trading at 1775.00, which is 0.23% 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 1760.00. The pair is expected to find its first resistance at 1780.00, and a rise through could take it to the next resistance level of 1786.00. Today’s expected trading range is between 1745.00, support, and 1798.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1766.00
Support 2: 1760.00
Support 3: 1745.00
Important resistance levels:
Resistance 1: 1780.00
Resistance 2: 1786.00
Resistance 3: 1798.00