Gold Technical Analysis 24 June 2020
Gold Technical Analysis: The Gold rose 0.73% against the USD on Monday and closed at 1767.00. Today in the European session while Gold technical Analysis 24 June 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1768.00, which is 0.08% higher from Yesterday’s close.
The Gold is expected to find support at 1752.00, and a fall through could take it to the next support level of 1738.00. The pair is expected to find its first resistance at 1776.00, and a rise through could take it to the next resistance level of 1785.00. For today the expected trading range is betwee 1752.00, Support and 1785.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1752.00, Support 2: 1738:00, Support 3: 1729:00
Resistance Levels: Resistance 1: 1776.00, Resistance 2: 1785.00, Resistance 3: 1800.00
Gold Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 1752.00 and 1738.00 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 1776.00 and 1785.00 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.