Gold Technical Analysis July 18, 2022
The Gold declined 0.22% against the USD on Friday and closed at 1707.00. Today in the European session, while the Gold technical Analysis July 18, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1714.00, which is 0.41% higher than Yesterday’s close.
The Gold is expected to find support at 1707.00, and a fall through could take it to the next support level of 1698.00. The pair is expected to find its first resistance at 1733.00, and a rise through could take it to the next resistance level of 1744.00. Today’s expected trading range is between 1685.00, support, and 1752.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1708.00
Support 2: 1698:00
Support 3: 1685:00
Important resistance levels:
Resistance 1: 1733.00
Resistance 2: 1744.00
Resistance 3: 1752.00