Gold Technical Analysis June 2, 2023
The Gold rose 0.73% against the USD on Thursday and closed at 1977.75. Today in the European session, while the Gold technical Analysis June 2, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1979.00, which is 0.07% lower than Yesterday’s close.
The Gold is expected to find support at 1975.00, and a fall-through could take it to the next support level of 1959.00. The pair is expected to find its first resistance at 1983.00, and a rise-through could take it to the next resistance level of 1992.00. Today’s expected trading range is between 1954.00 support, and 1999.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1975.00
Support 2: 1959.00
Support 3: 1954.00
Important resistance levels:
Resistance 1: 1983.00
Resistance 2: 1992.00
Resistance 3: 1999.00