Gold Technical Analysis July 21, 2023
The Gold declined 0.43% against the USD on Thursday and closed at 1969.40. Today in the European session, while the Gold technical Analysis July 21, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1963.00, which is 0.31% lower than Yesterday’s close.
The Gold is expected to find support at 1961.00, and a fall-through could take it to the next support level of 1951.00. The pair is expected to find its first resistance at 1973.00, and a rise-through could take it to the next resistance level of 1983.00. Today’s expected trading range is between 1946.00 support, and 1997.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1961.00
Support 2: 1951.00
Support 3: 1946.00
Important resistance levels:
Resistance 1: 1973.00
Resistance 2: 1983.00
Resistance 3: 1987.00