Gold Technical Analysis July 28, 2023
The Gold declined 1.34% against the USD on Thursday and closed at 1944.70. Today in the European session, while the Gold technical Analysis July 28, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1957.00, which is 0.63% higher than Yesterday’s close.
The Gold is expected to find support at 1943.00, and a fall-through could take it to the next support level of 1934.00. The pair is expected to find its first resistance at 1957.00, and a rise-through could take it to the next resistance level of 1965.00. Today’s expected trading range is between 1930.00 support and 1982.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1943.00
Support 2: 1934.00
Support 3: 1930.00
Important resistance levels:
Resistance 1: 1957.00
Resistance 2: 1965.00
Resistance 3: 1982.00