Gold Technical Analysis June 19, 2023
The Gold declined 0.01% against the USD on Friday and closed at 1957.37. Today in the European session, while the Gold technical Analysis June 19, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1953.00, which is 0.21% lower than Yesterday’s close.
The Gold is expected to find support at 1948.00, and a fall-through could take it to the next support level of 1945.00. The pair is expected to find its first resistance at 1967.00, and a rise-through could take it to the next resistance level of 1972.00. Today’s expected trading range is between 1925.00 support, and 1982.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1948.00
Support 2: 1945.00
Support 3: 1925.00
Important resistance levels:
Resistance 1: 1967.00
Resistance 2: 1972.00
Resistance 3: 1982.00