Gold Technical Analysis May 6, 2022
The Gold declined 0.26% against the USD on Thursday and closed at 1877.20. Today in the Asian session, while Gold technical Analysis May 6, 2022, is preparing at 3:45 GMT, the XAU/USD trading at 1879.80, which is 0.10% higher than Yesterday’s close.
The Gold is expected to find support at 1862.00, and a fall through could take it to the next support level of 1850.00. The pair is expected to find its first resistance at 1986.00, and a rise through could take it to the next resistance level of 1901.00. Today’s expected trading range is between 1877.00, support, and 1919.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1862.00
Support 2: 1850:00
Support 3: 1845:00
Important resistance levels:
Resistance 1: 1986.00
Resistance 2: 1901.00
Resistance 3: 1910.00