Gold Technical Analysis 11 June 2020
Gold Technical Analysis: The Gold rose 1.28% against the USD on Wednesday and closed at 1738.00. Today in the European session while Gold technical Analysis 11 June 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1735.00, which is 0.20% lower from Yesterday’s close.
The Gold is expected to find support at 1717.00, and a fall through could take it to the next support level of 1697.00. The pair is expected to find its first resistance at 1749.00, and a rise through could take it to the next resistance level of 1760.00. For today the expected trading range is betwee 1717.00, Support and 1760.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1717.00, Support 2: 1697:00, Support 3: 1686:00
Resistance Levels: Resistance 1: 1749.00, Resistance 2: 1760.00, Resistance 3: 1780.00
Gold Buying Opportunity for Intraday Trading 11 June 2020
Buy near the support area 1717.00 and 1697.00 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 11 June 2020
Sell near the resistance area 1749.00 and 1760.00 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.