Gold Technical Analysis 23 April 2020
Gold Technical Analysis: The Gold rose 1.65% against the USD on Wednesday and closed at 1715.00. Today in the European session while Gold technical Analysis 23 April 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1725.00, which is 0.58% higher from Yesterday’s close.
The Gold is expected to find support at 1690.00, and a fall through could take it to the next support level of 1666.00. The pair is expected to find its first resistance at 1729.00, and a rise through could take it to the next resistance level of 1743.00. For today the expected trading range is betwee 1690.00, Support and 1743.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1690.00, Support 2: 1666:00, Support 3: 1652:00
Resistance Levels: Resistance 1: 1729.00, Resistance 2: 1743.00, Resistance 3: 1767.00
Gold Buying Opportunity for Intraday Trading 23 April 2020
Buy near the support area 1690.00 and 1666.00 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 23 April 2020
Sell near the resistance area 1729.00 and 1743.00 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.