Gold Technical Analysis May 17, 2022
The Gold rose 0.59% against the USD on Monday and closed at 1824.80. Today in the Asian session, while Gold technical Analysis May 17, 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1825.00, which is 0.01% higher than Yesterday’s close.
The Gold is expected to find support at 1815.00, and a fall through could take it to the next support level of 1799.00. The pair is expected to find its first resistance at 1829.00, and a rise through could take it to the next resistance level of 1832.00. Today’s expected trading range is between 1787.00, support, and 1858.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1815.00
Support 2: 1799:00
Support 3: 1787:00
Important resistance levels:
Resistance 1: 1829.00
Resistance 2: 1832.00
Resistance 3: 1858.00