Gold Technical Analysis June 6, 2023
The Gold rose 0.72% against the USD on Monday and closed at 1961.60. Today in the European session, while the Gold technical Analysis June 6, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1963.00, which is 0.07% higher than Yesterday’s close.
The Gold is expected to find support at 1957.00, and a fall-through could take it to the next support level of 1954.00. The pair is expected to find its first resistance at 1973.00, and a rise-through could take it to the next resistance level of 1983.00. Today’s expected trading range is between 1938.00 support, and 1992.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1957.00
Support 2: 1954.00
Support 3: 1938.00
Important resistance levels:
Resistance 1: 1973.00
Resistance 2: 1983.00
Resistance 3: 1992.00