Gold Technical Analysis Aug 2, 2019
Gold Technical Analysis: The Gold rose 2.04% against the USD onThursday and closed at 1444.80. Today in the European session while Gold technical Analysis Aug 2, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1437.00, which is 0.53% lower from Yesterday’s close.
The Gold is expected to find support at 1415.00, and a fall through could take it to the next support level of 1385.00. The pair is expected to find its first resistance at 1460.00, and a rise through could take it to the next resistance level of 1476.00. For today the expected trading range is betwee 1415.00, Support and 1460.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1415.00, Support 2: 1385:00, Support 3: 1370:00
Resistance Levels: Resistance 1: 1460.00, Resistance 2: 1476.00, Resistance 3: 1500.00
Gold Buying Opportunity for Intraday Trading Aug 2, 2019
Buy near the support area 1415.00 and 1385.00 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
Gold Selling Opportunity for Intraday Trading Aug 2, 2019
Sell near the resistance area 1460.00 and 1476.00 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.