Gold Technical Analysis July 26, 2023
The Gold rose 0.49% against the USD on Tuesday and closed at 1964.75. Today in the European session, while the Gold technical Analysis July 26, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1973.00, which is 0.45% higher than Yesterday’s close.
The Gold is expected to find support at 1962.00, and a fall-through could take it to the next support level of 1952.00. 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 1987.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1962.00
Support 2: 1952.00
Support 3: 1946.00
Important resistance levels:
Resistance 1: 1973.00
Resistance 2: 1983.00
Resistance 3: 1987.00