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XAUUSD ANALYSIS (GOLD) 27 MAY 2022 FRIDAY

XAUUSD ANALYSIS (GOLD) 27 MAY 2022 FRIDAY

xauusd analysis gold

XAUUSD (GOLD) is trading under its range within a symmetrical triangle on the four-hour chart, having succeeded to defend the rising trend line support, then at $1,842.It is taking support of its rising trend line .If it manages to hold above $1865 mark then we can see good up side movement and it can test next resistance mark of $1870 and Further up, the two-week highs of $1,875 will be put to test, opening doors for a fresh upswing towards the $1,900 mark. Alternatively On southern side it has support of $ 1840 below this mark we would be expect down side movement towards next support zone of $1830 and $1810.