Gold Technical Analysis July 7, 2023
The Gold declined 0.28% against the USD on Thursday and closed at 1910.60. Today in the European session, while the Gold technical Analysis July 7, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1916.00, which is 0.29% higher than Yesterday’s close.
The Gold is expected to find support at 1903.00, and a fall-through could take it to the next support level of 1900.00. 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 1894.00 support, and 1938.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1903.00
Support 2: 1900.00
Support 3: 1894.00
Important resistance levels:
Resistance 1: 1927.00
Resistance 2: 1934.00
Resistance 3: 1938.00
Crude Oil Technical Analysis July 7, 2023