Gold Technical Analysis July 29, 2022
The Gold declined 1.26% against the USD on Thursday and closed at 1756.40. Today in the European session, while the Gold technical Analysis July 29, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1761.00, which is 0.30% higher than Yesterday’s close.
The Gold is expected to find support at 1750.00, and a fall through could take it to the next support level of 1741.00. The pair is expected to find its first resistance at 1767.00, and a rise through could take it to the next resistance level of 1788.00. Today’s expected trading range is between 1735.00, support, and 1800.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1750.00
Support 2: 1741:00
Support 3: 1735:00
Important resistance levels:
Resistance 1: 1767.00
Resistance 2: 1788.00
Resistance 3: 1800.00