Gold Technical Analysis July 17, 2023
The Gold declined 0.26% against the USD on Friday and closed at 1955.24. Today in the European session, while the Gold technical Analysis July 17, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1951.00, which is 0.20% lower than Yesterday’s close.
The Gold is expected to find support at 1948.00, and a fall-through could take it to the next support level of 1940.00. The pair is expected to find its first resistance at 1959.00, and a rise-through could take it to the next resistance level of 1963.00. Today’s expected trading range is between 1930.00 support, and 1970.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1948.00
Support 2: 1940.00
Support 3: 1930.00
Important resistance levels:
Resistance 1: 1959.00
Resistance 2: 1963.00
Resistance 3: 1970.00