Gold Technical Analysis Aug 28, 2019
Gold Technical Analysis: The Gold rose 1.00% against the USD on Monday and closed at 1542.50. Today in the European session while Gold technical Analysis Aug 28, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1542.00, which is 0.03% lower from Yesterday’s close.
The Gold is expected to find support at 1530.00, and a fall through could take it to the next support level of 1518.00. The pair is expected to find its first resistance at 1550.00, and a rise through could take it to the next resistance level of 1557.00. For today the expected trading range is betwee 1530.00, Support and 1556.00 Resistance.
The expected trend for today is Buillsh
Supports Levels: Support 1: 1530.00, Support 2: 1518:00, Support 3: 1511:00
Resistance Levels: Resistance 1: 1550.00, Resistance 2: 1557.00, Resistance 3: 1569.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1530.00 and 1518.00 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 16, 2019
Sell near the resistance area 1550.00 and 1557.00 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.