Daily Technical Analysis Of XAUUSD - Wednesday, June 21

Looking at gold’s chart, we can see that gold is more in a downtrend, but it holds it above the support level at around $1930.

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 gold is more in a downtrend, but it holds it above the support level at around $1930. Currently, it is traded at around $1934, and if it remains above that level, then we should see its price rising towards its resistance level at around $1960.

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AAATrade's Daily Technical Analysis of XAUUSD - 21/06/2023


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