XAU/USD

May 6, 2022

We expect the price of gold to rise to settle now around the level of 1875. The trend for the price of gold will remain bullish, to reach the levels of 1900.
The stop loss is at 1830.
Support: 1830
Pivot point: 1870
Resistance: 1900
Gold price trend: bullish by trading the highest levels of 1875, targeting the 1900 level, provided that 1830 is not breached

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