Gold Technical Analysis May 2, 2022
The Gold rose 0.07% against the USD on Friday and closed at 1896.40. Today in the Asian session, while Gold technical Analysis May 2, 2022, is preparing at 2:45 GMT, the XAU/USD trading at 1890.00, which is 0.28% lower than Yesterday’s close.
The Gold is expected to find support at 1885.00, and a fall through could take it to the next support level of 1872.00. The pair is expected to find its first resistance at 1902.00, and a rise through could take it to the next resistance level of 1907.00. Today’s expected trading range is between 1850.00, support, and 1919.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1885.00
Support 2: 1872:00
Support 3: 1850:00
Important resistance levels:
Resistance 1: 1902.00
Resistance 2: 1907.00
Resistance 3: 1919.00