Gold Technical Analysis 30 December 2020
Gold Technical Analysis: The Gold rose 0.17% against the USD on Tuesday and closed at 1878.00. Today in the Asian session, while Gold technical Analysis 28 December 2020 is preparing at 5:15 GMT, the XAU/USD trading at 1880.00, which is 0.10% higher from Yesterday’s close.
The Gold is expected to find support at 1871.00, and a fall through could take it to the next support level of 1855.00. The pair is expected to find its first resistance at 1886.00, and a rise through could take it to the next resistance level of 1900.00. Today’s expected trading range is between 1845.00, support and 1905.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1871.00
Support 2: 1855:00
Support 3: 1845:00
Important resistance levels:
Resistance 1: 1886.00
Resistance 2: 1900.00
Resistance 3: 1905.00
Gold buying opportunity for intraday trading on December 30, 2020
Buy near the support zones 1871.00 and 1855.00 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 December 30, 2020
Sell near the resistance zones 1886.00 and 1900.00 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.