Gold Technical Analysis June 20, 2022
The Gold declined 0.69% against the USD on Friday and closed at 1840.40. Today in the Asian session, while Gold technical Analysis 31 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1838.50, which is 0.10% lower than Yesterday’s close.
The Gold is expected to find support at 1835.00, and a fall through could take it to the next support level of 1815.00. The pair is expected to find its first resistance at 1846.00, and a rise through could take it to the next resistance level of 1852.00. Today’s expected trading range is between 1805.00, support, and 1857.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1835.00
Support 2: 1815:00
Support 3: 1805:00
Important resistance levels:
Resistance 1: 1846.00
Resistance 2: 1852.00
Resistance 3: 1857.00