Gold Technical Analysis 25 June 2020
Gold Technical Analysis: The Gold declined 0.44% against the USD on Wednesday and closed at 1761.00. Today in the European session while Gold technical Analysis 25 June 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1760.00, which is 0.10% lower from Yesterday’s close.
The Gold is expected to find support at 1755.00, and a fall through could take it to the next support level of 1748.00. The pair is expected to find its first resistance at 1774.00, and a rise through could take it to the next resistance level of 1786.00. For today the expected trading range is betwee 1736.00, Support and 1786.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1755.00, Support 2: 1748:00, Support 3: 1736:00
Resistance Levels: Resistance 1: 1774.00, Resistance 2: 1786.00, Resistance 3: 1792.00
Gold Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 1755.00 and 1748.00 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 1774.00 and 1786.00 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.