Gold Technical Analysis May 19, 2022
The Gold rose 0.15% against the USD on Wednesday and closed at 1817.30. Today in the Asian session, while Gold technical Analysis May 19, 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1826.00, which is 0.47% lower than Yesterday’s close.
The Gold is expected to find support at 1808.00, and a fall through could take it to the next support level of 1799.00. The pair is expected to find its first resistance at 1820.00, and a rise through could take it to the next resistance level of 1828.00. Today’s expected trading range is between 1787.00, support, and 1864.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1808.00
Support 2: 1799:00
Support 3: 1787:00
Important resistance levels:
Resistance 1: 1835.00
Resistance 2: 1857.00
Resistance 3: 1864.00