Gold Technical Analysis September 7, 2022
The Gold declined 0.53% against the USD on Tuesday and closed at 1701.50. Today in the European session, while the Gold technical Analysis September 7, 2022, is preparing at 5:15 GMT, the XAU/USD trading at 1703.50, which is 0.11% higher than Yesterday’s close.
The Gold is expected to find support at 1692.00, and a fall through could take it to the next support level of 1689.00. The pair is expected to find its first resistance at 1707.00, and a rise through could take it to the next resistance level of 1714.50. Today’s expected trading range is between 1681.00, support, and 1726.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1692.00
Support 2: 1689.00
Support 3: 1681.00
Important resistance levels:
Resistance 1: 1707.00
Resistance 2: 1714.50
Resistance 3: 1726.00