Gold Technical Analysis 10 June 2020
Gold Technical Analysis: The Gold rose 0.84% against the USD on Tuesday and closed at 1714.00. Today in the European session while Gold technical Analysis 10 June 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1722.00, which is 0.51% higher from Yesterday’s close.
The Gold is expected to find support at 1697.00, and a fall through could take it to the next support level of 1680.00. The pair is expected to find its first resistance at 1726.00, and a rise through could take it to the next resistance level of 1738.00. For today the expected trading range is betwee 1697.00, Support and 1738.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1697.00, Support 2: 1680:00, Support 3: 1668:00
Resistance Levels: Resistance 1: 1726.00, Resistance 2: 1738.00, Resistance 3: 1755.00
Gold Buying Opportunity for Intraday Trading 10 June 2020
Buy near the support area 1697.00 and 1680.00 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 10 June 2020
Sell near the resistance area 1726.00 and 1738.00 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.