Gold Technical Analysis May 23, 2023
The Gold declined 0.32% against the USD on Tuesday and closed at 1971.70. Today in the European session, while the Gold technical Analysis May 23, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1959.00, which is 0.63% lower than Yesterday’s close.
The Gold is expected to find support at 1952.00, and a fall-through could take it to the next support level of 1945.00. The pair is expected to find its first resistance at 1968.00, and a rise-through could take it to the next resistance level of 1982.00. Today’s expected trading range is between 1934.00 support, and 21985.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1952.00
Support 2: 1945.00
Support 3: 1934.00
Important resistance levels:
Resistance 1: 1968.00
Resistance 2: 1982.00
Resistance 3: 1985.00