GOLD/USD analysis, May 23, 2022
On the 4hour chart, gold price gained support from the area at 1791/1780 and recovered to the 1845 level.
The rise of the precious metal is expected to meet resistance from the 100-hour simple moving average located near the level of 1850.
If the metal crosses this simple moving average, it could continue its surge towards the 1920 level, which represents resistance.
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