Gold Technical Analysis 30 May 2022
The Gold rose 0.16% against the USD on Friday and closed at 1855.36. Today in the Asian session, while Gold technical Analysis 30 May 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1855.60, which is 0.12% higher than Yesterday’s close.
The Gold is expected to find support at 1848.00, and a fall through could take it to the next support level of 1840.00. The pair is expected to find its first resistance at 1863.00, and a rise through could take it to the next resistance level of 1869.00. Today’s expected trading range is between 1833.00, support, and 1891.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1848.00
Support 2: 1840:00
Support 3: 1833:00
Important resistance levels:
Resistance 1: 1863.00
Resistance 2: 1869.00
Resistance 3: 1891.00