Gold Technical Analysis May 10, 2023
The Gold rose 0.67% against the USD on Tuesday and closed at 2034.40. Today in the European session, while the Gold technical Analysis May 10, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 2029.00, which is 0.27% lower than Yesterday’s close.
The Gold is expected to find support at 2023.00, and a fall-through could take it to the next support level of 2019.00. The pair is expected to find its first resistance at 2037.00, and a rise-through could take it to the next resistance level of 2052.00. Today’s expected trading range is between 2000.00 support, and 2060.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 2023.00
Support 2: 2019.00
Support 3: 2000.00
Important resistance levels:
Resistance 1: 2037.00
Resistance 2: 2052.00
Resistance 3: 2060.00