Gold Technical Analysis May 30, 2023
The Gold rose 0.01% against the USD on Monday and closed at 1943.10. Today in the European session, while the Gold technical Analysis May 30, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1955.00, which is 0.63% higher than Yesterday’s close.
The Gold is expected to find support at 1939.00, and a fall-through could take it to the next support level of 1932.00. The pair is expected to find its first resistance at 1956.00, and a rise-through could take it to the next resistance level of 1964.00. Today’s expected trading range is between 1914.00 support, and 1984.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1939.00
Support 2: 1932.00
Support 3: 1914.00
Important resistance levels:
Resistance 1: 1956.00
Resistance 2: 1964.00
Resistance 3: 1984.00