Gold Technical Analysis October 25, 2018
The Gold rose 0.23% against the USD on Wednesday and closed at 1233.30. Today in the European session while Gold technical analysis October 25, 2018 is preparing at 9:45 GMT, the XAU/USD trading at 1233.00, which is 0.02% lower from Yesterday’s close.
The Gold is expected to find support at 1228.00, and a fall through could take it to the next support level of 1223.00. The pair is expected to find its first resistance at 1239.50, and a rise through could take it to the next resistance level of 1244.00. For today the expected trading range is betwee 1223.00, Support and 1244.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1228.00 Support 2: 1223:00 Support 3: 1220:00
Resistance Levels: Resistance 1: 1236.00 Resistance 2: 1239.50 Resistance 3: 1244.00
Gold Buying Opportunity for Intraday Trading October 25, 2018
Buy near the support area 1228.00 and 1223.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
Gold Selling Opportunity for Intraday Trading October 25, 2018
Sell near the resistance area 1239.50 and 1244.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.