Gold Technical Analysis Sep 5, 2019
Gold Technical Analysis: The Gold rose 0.40% against the USD on Wednesday and closed at 1552.00. Today in the European session while Gold technical Analysis Sep 5, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1545.00, which is 0.45% lower from Yesterday’s close.
The Gold is expected to find support at 1538.00, and a fall through could take it to the next support level of 1524.00. The pair is expected to find its first resistance at 1562.00, and a rise through could take it to the next resistance level of 1571.00. For today the expected trading range is betwee 1524.00, Support and 1571.00 Resistance.
The expected trend for today is Buillsh
Supports Levels: Support 1: 1538.00, Support 2: 1524:00, Support 3: 1515:00
Resistance Levels: Resistance 1: 1562.00, Resistance 2: 1571.00, Resistance 3: 1585.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1538.00 and 1524.00 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 1562.00 and 1571.00 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.