Gold Technical Analysis July 5, 2022
The Gold declined 0.13% against the USD on Monday and closed at 1807.90. Today in the European session, while Gold technical Analysis 31 May 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1810.90, which is 0.17% higher than Yesterday’s close.
The Gold is expected to find support at 1804.00, and a fall through could take it to the next support level of 1798.00. The pair is expected to find its first resistance at 1814.00, and a rise through could take it to the next resistance level of 1825.00. Today’s expected trading range is between 1785.00, support, and 1833.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1804.00
Support 2: 1798:00
Support 3: 1785:00
Important resistance levels:
Resistance 1: 1814.00
Resistance 2: 1825.00
Resistance 3: 1833.00