Gold Technical Analysis June 7, 2023
The Gold rose 0.09% against the USD on Tuesday and closed at 1962.90. Today in the European session, while the Gold technical Analysis June 7, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1962.70, which is 0.01% lower than Yesterday’s close.
The Gold is expected to find support at 1955.00, and a fall-through could take it to the next support level of 1939.00. The pair is expected to find its first resistance at 1966.00, and a rise-through could take it to the next resistance level of 1975.00. Today’s expected trading range is between 1932.00 support, and 1982.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1955.00
Support 2: 1939.00
Support 3: 1932.00
Important resistance levels:
Resistance 1: 1966.00
Resistance 2: 1975.00
Resistance 3: 1982.00