Gold Technical Analysis July 6, 2022
The Gold declined 2.31% against the USD on Tuesday and closed at 1766.00. Today in the European session, while Gold technical Analysis 31 May 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1761.90, which is 0.27% lower than Yesterday’s close.
The Gold is expected to find support at 1752.00, and a fall through could take it to the next support level of 1748.00. The pair is expected to find its first resistance at 1772.50, and a rise through could take it to the next resistance level of 1784.00. Today’s expected trading range is between 1722.00, support, and 1797.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1752.00
Support 2: 1748:00
Support 3: 1722:00
Important resistance levels:
Resistance 1: 1772.50
Resistance 2: 1784.00
Resistance 3: 1797.00