Gold Technical Analysis 27 May 2022
The Gold declined 0.13% against the USD on Thursday and closed at 1850.90. Today in the Asian session, while Gold technical Analysis 27 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1859.00, which is 0.45% higher than Yesterday’s close.
The Gold is expected to find support at 1848.00, and a fall through could take it to the next support level of 1840.00. The pair is expected to find its first resistance at 1869.00, and a rise through could take it to the next resistance level of 1891.00. Today’s expected trading range is between 1833.00, support, and 1891.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1848.00
Support 2: 1840:00
Support 3: 1833:00
Important resistance levels:
Resistance 1: 1869.00
Resistance 2: 1891.00
Resistance 3: 1900.00