Gold Technical Analysis June 9, 2023
The Gold rose 1.29% against the USD on Thursday and closed at 1965.33. Today in the European session, while the Gold technical Analysis June 9, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1945.00, which is 0.02% lower than Yesterday’s close.
The Gold is expected to find support at 1958.00, and a fall-through could take it to the next support level of 1946.00. The pair is expected to find its first resistance at 1970.00, and a rise-through could take it to the next resistance level of 1977.00. Today’s expected trading range is between 1940.00 support, and 1982.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1958.00
Support 2: 1946.00
Support 3: 1940.00
Important resistance levels:
Resistance 1: 1970.00
Resistance 2: 1977.00
Resistance 3: 1982.00