Gold Technical Analysis Aug 29, 2019
Gold Technical Analysis: The Gold rose 0.01% against the USD on Wednesday and closed at 1541.00. Today in the European session while Gold technical Analysis Aug 29, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1543.00, which is 0.13% higher from Yesterday’s close.
The Gold is expected to find support at 1533.00, and a fall through could take it to the next support level of 1525.00. The pair is expected to find its first resistance at 1548.00, and a rise through could take it to the next resistance level of 1555.00. For today the expected trading range is betwee 1525.00, Support and 1563.00 Resistance.
The expected trend for today is Buillsh
Supports Levels: Support 1: 1533.00, Support 2: 1525:00, Support 3: 1518:00
Resistance Levels: Resistance 1: 1548.00, Resistance 2: 1555.00, Resistance 3: 1563.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1533.00 and 1525.00 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 1548.00 and 1555.00 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.