Gold Technical Analysis July 18, 2023
The Gold declined 0.01% against the USD on Monday and closed at 1954.85. Today in the European session, while the Gold technical Analysis July 18, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1963.00, which is 0.40% higher than Yesterday’s close.
The Gold is expected to find support at 1946.00, 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 1964.00, and a rise-through could take it to the next resistance level of 1972.00. Today’s expected trading range is between 1930.00 support, and 1982.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1946.00
Support 2: 1940.00
Support 3: 1930.00
Important resistance levels:
Resistance 1: 1964.00
Resistance 2: 1972.00
Resistance 3: 1982.00