July 04, 2022
Spot gold may test next resistance at $1,820 per ounce, if break can reach to $1,829. As resistance at $1,812 is already broken which may clear path for $1,820-$1,829 rang.
Support is at $1,805, move below this point could confirm the completion of the bounce from $1,783. which may push Gold to $1,794 level. A strong support form around the May 16 low of $1,786.50, which will act as main support for few more days. On the daily chart also, the long-shadowed hammer on July 01 symbolized as a strong support around $1,786.50.
Gold may bounce from here to rang $1,830-$1,842 before going down further below $1,786.50 in coming days.
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