Gold Technical Analysis 1 June 2022
The Gold declined 0.97% against the USD on Tuesday and closed at 1838.00. Today in the Asian session, while Gold technical Analysis 31 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1830.30, which is 0.43% lower than Yesterday’s close.
The Gold is expected to find support at 1829.00, and a fall through could take it to the next support level of 1824.00. The pair is expected to find its first resistance at 1842.00, and a rise through could take it to the next resistance level of 1852.00. Today’s expected trading range is between 1811.00, support, and 1856.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1829.00
Support 2: 1824:00
Support 3: 1811:00
Important resistance levels:
Resistance 1: 1842.00
Resistance 2: 1852.00
Resistance 3: 1856.00