Gold Technical Analysis June 13, 2022
The Gold rose 1.27% against the USD on Friday and closed at 1871.50. Today in the Asian session, while Gold technical Analysis 31 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1857.00, which is 0.75% lower than Yesterday’s close.
The Gold is expected to find support at 1853.00, and a fall through could take it to the next support level of 1846.00. The pair is expected to find its first resistance at 1860.00, and a rise through could take it to the next resistance level of 1867.00. Today’s expected trading range is between 1839.00, support, and 1879.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1853.00
Support 2: 1846:00
Support 3: 1839:00
Important resistance levels:
Resistance 1: 1860.50
Resistance 2: 1867.00
Resistance 3: 1879.00