XAU/USD

May 9, 2022

We expect the price of gold to decline to settle now around the level of 1871. The trend for the price of gold will remain bearish, to reach the levels of 1850.
The stop loss is at 1920.
Support: 1850
Pivot point: 1870
Resistance: 1920
Gold price trend: Bearish by trading below 1871 levels, targeting the 1850 level, provided that 1920 is not breached

Category