Gold Technical Analysis June 8, 2023
The Gold declined 1.18% against the USD on Wednesday and closed at 1939.95. Today in the European session, while the Gold technical Analysis June 8, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1946.70, which is 0.30% higher than Yesterday’s close.
The Gold is expected to find support at 1940.00, and a fall-through could take it to the next support level of 1932.00. The pair is expected to find its first resistance at 1949.00, and a rise-through could take it to the next resistance level of 1955.00. Today’s expected trading range is between 1919.00 support, and 1970.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1940.00
Support 2: 1932.00
Support 3: 1919.00
Important resistance levels:
Resistance 1: 1949.00
Resistance 2: 1955.00
Resistance 3: 1970.00