Gold Technical Analysis July 6, 2023
The Gold declined 0.58% against the USD on Wednesday and closed at 1914.75. Today in the European session, while the Gold technical Analysis July 6, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1912.00, which is 0.15% lower than Yesterday’s close.
The Gold is expected to find support at 1901.00, and a fall-through could take it to the next support level of 1894.00. The pair is expected to find its first resistance at 1927.00, and a rise-through could take it to the next resistance level of 1934.00. Today’s expected trading range is between 1887.00 support, and 1938.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1901.00
Support 2: 1894.00
Support 3: 1887.00
Important resistance levels:
Resistance 1: 1927.00
Resistance 2: 1934.00
Resistance 3: 1938.00