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Gold Technical Analysis May 26, 2023


Gold Technical Analysis May 26, 2023

The Gold declined 0.91% against the USD on Thursday and closed at 1940.54. Today in the European session, while the Gold technical Analysis May 26, 2023, is prepared at 5:15 GMT, the XAU/USD is trading at 1953.20, which is 0.65% higher than Yesterday’s close.

The Gold is expected to find support at 1947.00, and a fall-through could take it to the next support level of 1937.00. The pair is expected to find its first resistance at 1957.00, and a rise-through could take it to the next resistance level of 1964.00. Today’s expected trading range is between 1914.00 support, and 1971.00 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1947.00
Support 2: 1937.00
Support 3: 1914.00

Important resistance levels:

Resistance 1: 1957.00
Resistance 2: 1964.00
Resistance 3: 1971.00

Crude Oil Technical Analysis May 26, 2023

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