Gold Technical Analysis 23 May 2022
The Gold rose 0.20% against the USD on Friday and closed at 1845.70. Today in the Asian session, while Gold technical Analysis 23 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1854.70, which is 0.49% higher than Yesterday’s close.
The Gold is expected to find support at 1835.00, and a fall through could take it to the next support level of 1825.00. The pair is expected to find its first resistance at 1858.00, and a rise through could take it to the next resistance level of 1865.00. Today’s expected trading range is between 1825.00, support, and 1891.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1835.00
Support 2: 1825:00
Support 3: 1807:00
Important resistance levels:
Resistance 1: 1858.00
Resistance 2: 1865.00
Resistance 3: 1891.00