Daily Technical Analysis Of XAUUSD - Wednesday, July 19

Jul 19, 2023 at 9:40 AM EDT

Looking at gold’s chart, we can see that after a recent price improvement, it is currently traded at around $1975.

brass metal frame

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Spotlight on gold. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.

Gold

Looking at gold’s chart, we can see that after a recent price improvement, it is currently traded at around $1975. Today it could re-test the level of $1980, but if it fails to pass it, then it should retreat back towards the support level at around $1960 and then it could approach the next one at around $1930. On the other hand, if the precious metal is able to pass the level of $1980, then it could test the level of $2000.

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AAATrade's Daily Technical Analysis of XAUUSD - 19/07/2023

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