Gold Technical Analysis 15 April 2020
Gold Technical Analysis: The Gold rose 0.80% against the USD on Tuesday and closed at 1726.50. Today in the Asian session while Gold technical Analysis 15 April 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1725.00, which is 0.07% lower from Yesterday’s close.
The Gold is expected to find support at 1708.00, and a fall through could take it to the next support level of 1689.00. The pair is expected to find its first resistance at 1746.00, and a rise through could take it to the next resistance level of 1766.00. For today the expected trading range is betwee 1708.00, Support and 1766.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1708.00, Support 2: 1689:00, Support 3: 1785:00
Resistance Levels: Resistance 1: 1746.00, Resistance 2: 1766.00, Resistance 3: 1785.00
Gold Buying Opportunity for Intraday Trading 15 April 2020
Buy near the support area 1708.00 and 1689.00 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 15 April 2020
Sell near the resistance area 1746.00 and 1766.00 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.