Gold Technical Analysis June 29, 2022
The Gold declined 0.11% against the USD on Tuesday and closed at 1820.60. Today in the European session, while Gold technical Analysis 31 May 2022, is preparing at 11:45 GMT, the XAU/USD trading at 1827.00, which is 0.35% higher than Yesterday’s close.
The Gold is expected to find support at 1812.00, and a fall through could take it to the next support level of 1805.00. The pair is expected to find its first resistance at 1829.00, and a rise through could take it to the next resistance level of 1840.00. Today’s expected trading range is between 1887.00, support, and 1847.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1812.00
Support 2: 1805:00
Support 3: 1787:00
Important resistance levels:
Resistance 1: 1829.00
Resistance 2: 1840.50
Resistance 3: 1847.00