Gold Technical Analysis 30 September 2020
Gold Technical Analysis: The Gold rose 0.82% against the USD on Tuesday and closed at 1897.00. Today in the Asian session, while Gold technical Analysis 30 September 2020 is preparing at 5:15 GMT, the XAU/USD trading at 1884.00, which is 0.67% lower from Yesterday’s close.
The Gold is expected to find support at 1881.50, and a fall through could take it to the next support level of 1876.00. The pair is expected to find its first resistance at 1899.00, and a rise through could take it to the next resistance level of 1905.00. Today’s expected trading range is between 1866.00, support and 1912.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1881.50
Support 2: 1876:00
Support 3: 1866:00
Important resistance levels:
Resistance 1: 1899.00
Resistance 2: 1905.00
Resistance 3: 1912.00
Gold buying opportunity for intraday trading on September 30, 2020
Buy near the support zones 1881.50 and 1876.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
Gold selling opportunity for intraday trading on September 30, 2020
Sell near the resistance zones 1899.00 and 1905.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.