Gold Technical Analysis 23 June 2020
Gold Technical Analysis: The Gold rose 0.39% against the USD on Monday and closed at 1754.00. Today in the European session while Gold technical Analysis 23 June 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1752.00, which is 0.13% lower from Yesterday’s close.
The Gold is expected to find support at 1744.00, and a fall through could take it to the next support level of 1733.00. The pair is expected to find its first resistance at 1764.00, and a rise through could take it to the next resistance level of 1774.00. For today the expected trading range is betwee 1733.00, Support and 1785.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1744.00, Support 2: 1733:00, Support 3: 1723:00
Resistance Levels: Resistance 1: 1764.00, Resistance 2: 1774.00, Resistance 3: 1785.00
Gold Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 1744.00 and 1733.00 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 18 June 2020
Sell near the resistance area 1764.00 and 1774.00 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.