Gold Technical Analysis 25 May 2022
The Gold rose 0.68% against the USD on Tuesday and closed at 1866.10. Today in the Asian session, while Gold technical Analysis 25 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1857.00, which is 0.47% lower than Yesterday’s close.
The Gold is expected to find support at 1847.00, and a fall through could take it to the next support level of 1833.00. The pair is expected to find its first resistance at 1869.00, and a rise through could take it to the next resistance level of 1891.00. Today’s expected trading range is between 1833.00, support, and 1891.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1854.00
Support 2: 1847:00
Support 3: 1833:00
Important resistance levels:
Resistance 1: 1869.00
Resistance 2: 1891.00
Resistance 3: 1900.00