Gold Technical Analysis 26 May 2022
The Gold declined 0.68% against the USD on Wednesday and closed at 1853.70. Today in the Asian session, while Gold technical Analysis 26 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1848.00, which is 0.30% lower than Yesterday’s close.
The Gold is expected to find support at 1842.00, 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 1855.00, and a rise through could take it to the next resistance level of 1869.00. Today’s expected trading range is between 1824.00, support, and 1891.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1842.00
Support 2: 1833:00
Support 3: 1824:00
Important resistance levels:
Resistance 1: 1855.00
Resistance 2: 1869.00
Resistance 3: 1891.00