Gold Technical Analysis 24 May 2022
The Gold rose 0.26% against the USD on Monday and closed at 1853.60. Today in the Asian session, while Gold technical Analysis 24 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1859.00, which is 0.29% higher than Yesterday’s close.
The Gold is expected to find support at 1847.00, and a fall through could take it to the next support level of 1833.00. The pair is expected to find its first resistance at 1865.00, and a rise through could take it to the next resistance level of 1870.00. Today’s expected trading range is between 1824.00, support, and 1891.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1847.00
Support 2: 1833:00
Support 3: 1824:00
Important resistance levels:
Resistance 1: 1865.00
Resistance 2: 1870.00
Resistance 3: 1891.00