Gold Technical Analysis June 13, 2023
The Gold declined 0.14% against the USD on Monday and closed at 1956.90. Today in the European session, while the Gold technical Analysis June 13, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1960.00, which is 0.15% higher than Yesterday’s close.
The Gold is expected to find support at 1950.00, and a fall-through could take it to the next support level of 1940.00. The pair is expected to find its first resistance at 1966.00, and a rise-through could take it to the next resistance level of 1972.00. Today’s expected trading range is between 1932.00 support, and 1982.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1950.00
Support 2: 1940.00
Support 3: 1932.00
Important resistance levels:
Resistance 1: 1966.00
Resistance 2: 1972.00
Resistance 3: 1982.00