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Gold Technical Analysis May 25, 2023


Gold Technical Analysis May 25, 2023

The Gold declined 0.95% against the USD on Wednesday and closed at 1957.64. Today in the European session, while the Gold technical Analysis May 25, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1961.30, which is 0.19% higher than Yesterday’s close.

The Gold is expected to find support at 1955.00, and a fall-through could take it to the next support level of 1952.00. The pair is expected to find its first resistance at 1964.00, and a rise-through could take it to the next resistance level of 1975.00. Today’s expected trading range is between 1935.00 support, and 1985.00 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1955.00
Support 2: 1952.00
Support 3: 1935.00

Important resistance levels:

Resistance 1: 1964.00
Resistance 2: 1975.00
Resistance 3: 1985.00

Crude Oil Technical Analysis May 25, 2023

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