XAU/USD

May 3, 2022

We expect the price of gold to settle now around the level of 1856. The trend for the price of gold will remain bearish, to reach the levels of 1800.
The stop loss is at 1900.
Support : 1800
Pivot point: 1850
Resistance: 1900
Gold price trend: Bearish by trading below 1856 levels, targeting the 1800 level, provided that 1900 is not breached

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