Gold Technical Analysis July 12, 2022
The Gold declined 0.41% against the USD on Monday and closed at 1733.90. Today in the European session, while Gold technical Analysis 31 May 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1736.80, which is 0.13% higher than Yesterday’s close.
The Gold is expected to find support at 1723.00, and a fall through could take it to the next support level of 1717.00. The pair is expected to find its first resistance at 1743.00, and a rise through could take it to the next resistance level of 1752.00. Today’s expected trading range is between 1700.00, support, and 1772.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1723.00
Support 2: 1717:00
Support 3: 1700:00
Important resistance levels:
Resistance 1: 1743.00
Resistance 2: 1752.00
Resistance 3: 1772.00