Gold Technical Analysis September 1, 2022
The Gold declined 0.73% against the USD on Tuesday and closed at 1710.53. Today in the European session, while the Gold technical Analysis September 1, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1705.70, which is 0.29% lower than Yesterday’s close.
The Gold is expected to find support at 1700.00, and a fall through could take it to the next support level of 1692.00. The pair is expected to find its first resistance at 1722.00, and a rise through could take it to the next resistance level of 1726.00. Today’s expected trading range is between 1681.00, support, and 1745.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1700.00
Support 2: 1692.00
Support 3: 1681.00
Important resistance levels:
Resistance 1: 1722.00
Resistance 2: 1726.00
Resistance 3: 1745.00