Gold Technical Analysis May 18, 2022
The Gold declined 0.59% against the USD on Tuesday and closed at 1814.50. Today in the Asian session, while Gold technical Analysis May 18, 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1812.00, which is 0.12% lower than Yesterday’s close.
The Gold is expected to find support at 1807.00, 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 1820.00, and a rise through could take it to the next resistance level of 1828.00. Today’s expected trading range is between 1787.00, support, and 1835.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1807.00
Support 2: 1799:00
Support 3: 1787:00
Important resistance levels:
Resistance 1: 1820.00
Resistance 2: 1828.00
Resistance 3: 1835.00