Gold Technical Analysis 31 May 2022
The Gold rose 0.13% against the USD on Monday and closed at 1855.00. Today in the Asian session, while Gold technical Analysis 31 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1850.50, which is 0.26% lower than Yesterday’s close.
The Gold is expected to find support at 1840.00, 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 1857.00, and a rise through could take it to the next resistance level of 1863.00. Today’s expected trading range is between 1824.00, support, and 1869.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1840.00
Support 2: 1833:00
Support 3: 1824:00
Important resistance levels:
Resistance 1: 1857.00
Resistance 2: 1863.00
Resistance 3: 1869.00