Gold Technical Analysis May 4, 2022
The Gold rose 0.24% against the USD on Tuesday and closed at 1868.00. Today in the Asian session, while Gold technical Analysis May 4, 2022, is preparing at 3:45 GMT, the XAU/USD trading at 1867.70, which is 0.01% lower than Yesterday’s close.
The Gold is expected to find support at 1850.00, and a fall through could take it to the next support level of 1845.00. The pair is expected to find its first resistance at 1872.00, and a rise through could take it to the next resistance level of 1877.00. Today’s expected trading range is between 1821.00, support, and 1991.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1850.00
Support 2: 1845:00
Support 3: 1821:00
Important resistance levels:
Resistance 1: 1872.00
Resistance 2: 1877.00
Resistance 3: 1891.00