Gold Technical Analysis May 20, 2022
The Gold rose 1.34% against the USD on Thursday and closed at 1841.20. Today in the Asian session, while Gold technical Analysis May 20, 2022, is preparing at 5:45 GMT, the XAU/USD trading at 1841.00, which is 0.01% lower than Yesterday’s close.
The Gold is expected to find support at 1835.00, and a fall through could take it to the next support level of 1824.00. The pair is expected to find its first resistance at 1849.00, and a rise through could take it to the next resistance level of 1858.00. Today’s expected trading range is between 1807.00, support, and 1864.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1835.00
Support 2: 1824:00
Support 3: 1807:00
Important resistance levels:
Resistance 1: 1849.00
Resistance 2: 1858.00
Resistance 3: 1864.00