Gold Technical Analysis July 24, 2023
The Gold declined 0.43% against the USD on Friday and closed at 1961.87. Today in the European session, while the Gold technical Analysis July 24, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1966.00, which is 0.21% higher than Yesterday’s close.
The Gold is expected to find support at 1958.00, 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 1967.00, and a rise-through could take it to the next resistance level of 1973.00. Today’s expected trading range is between 1946.00 support and 1987.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1958.00
Support 2: 1951.00
Support 3: 1946.00
Important resistance levels:
Resistance 1: 1967.00
Resistance 2: 1973.00
Resistance 3: 1987.00