Gold Technical Analysis 24 April 2020
Gold Technical Analysis: The Gold rose 0.90% against the USD on Thursday and closed at 1730.00. Today in the European session while Gold technical Analysis 24 April 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1732.00, which is 0.11% higher from Yesterday’s close.
The Gold is expected to find support at 1712.00, and a fall through could take it to the next support level of 1694.00. The pair is expected to find its first resistance at 1744.00, and a rise through could take it to the next resistance level of 1757.00. For today the expected trading range is betwee 1694.00, Support and 1757.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1712.00, Support 2: 1694:00, Support 3: 1680:00
Resistance Levels: Resistance 1: 1744.00, Resistance 2: 1757.00, Resistance 3: 1775.00
Gold Buying Opportunity for Intraday Trading 24 April 2020
Buy near the support area 1712.00 and 1694.00 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 24 April 2020
Sell near the resistance area 1744.00 and 1757.00 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.