Gold Technical Analysis 22 April 2020
Gold Technical Analysis: The Gold rose 0.64% against the USD on Monday and closed at 1684.00. Today in the Asian session while Gold technical Analysis 22 April 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1691.00, which is 0.41% higher from Yesterday’s close.
The Gold is expected to find support at 1663.00, and a fall through could take it to the next support level of 1643.00. The pair is expected to find its first resistance at 1701.00, and a rise through could take it to the next resistance level of 1718.00. For today the expected trading range is betwee 1663.00, Support and 1718.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1663.00, Support 2: 1643:00, Support 3: 1625:00
Resistance Levels: Resistance 1: 1701.00, Resistance 2: 1718.00, Resistance 3: 1739.00
Gold Buying Opportunity for Intraday Trading 22 April 2020
Buy near the support area 1663.00 and 1643.00 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 22 April 2020
Sell near the resistance area 1701.00 and 1718.00 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.