Gold Technical Analysis June 14, 2023
The Gold declined 0.72% against the USD on Tuesday and closed at 1942.95. Today in the European session, while the Gold technical Analysis June 14, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1956.00, which is 0.67% higher than Yesterday’s close.
The Gold is expected to find support at 1940.00, and a fall-through could take it to the next support level of 1932.00. The pair is expected to find its first resistance at 1960.00, and a rise-through could take it to the next resistance level of 1972.00. Today’s expected trading range is between 1914.00 support, and 1982.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1940.00
Support 2: 1932.00
Support 3: 1914.00
Important resistance levels:
Resistance 1: 1960.00
Resistance 2: 1972.00
Resistance 3: 1982.00