Gold Technical Analysis 3 June 2022
The Gold rose 1.14% against the USD on Thursday and closed at 1868.30. Today in the Asian session, while Gold technical Analysis 31 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1863.70, which is 0.25% lower than Yesterday’s close.
The Gold is expected to find support at 1863.50, and a fall through could take it to the next support level of 1851.00. The pair is expected to find its first resistance at 1874.00, and a rise through could take it to the next resistance level of 1879.00. Today’s expected trading range is between 1844.00, support, and 1891.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1863.50
Support 2: 1851:00
Support 3: 1844:00
Important resistance levels:
Resistance 1: 1874.00
Resistance 2: 1879.00
Resistance 3: 1891.00