Gold Technical Analysis June 21, 2023
The Gold declined 0.81% against the USD on Tuesday and closed at 1935.59. Today in the European session, while the Gold technical Analysis June 21, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1934.00, which is 0.07% lower than Yesterday’s close.
The Gold is expected to find support at 1930.00, and a fall-through could take it to the next support level of 1925.00. The pair is expected to find its first resistance at 1939.00, and a rise-through could take it to the next resistance level of 1945.00. Today’s expected trading range is between 1914.00 support, and 1956.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1930.00
Support 2: 1925.00
Support 3: 1914.00
Important resistance levels:
Resistance 1: 1939.00
Resistance 2: 1945.00
Resistance 3: 1956.00