Gold Technical Analysis May 5, 2022
The Gold rose 0.72% against the USD on Wednesday and closed at 1881.80. Today in the Asian session, while Gold technical Analysis May 5, 2022, is preparing at 3:45 GMT, the XAU/USD trading at 1901.80, which is 1.06% higher than Yesterday’s close.
The Gold is expected to find support at 1882.00, and a fall through could take it to the next support level of 1877.00. The pair is expected to find its first resistance at 1872.00, and a rise through could take it to the next resistance level of 1877.00. Today’s expected trading range is between 1877.00, support, and 1919.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1882.00
Support 2: 1877:00
Support 3: 1862:00
Important resistance levels:
Resistance 1: 1906.00
Resistance 2: 1911.00
Resistance 3: 1919.00