Gold Technical Analysis 26 April 2021
Gold Technical Analysis: The Gold declined 0.43% against the USD on Friday and closed at 1776.50. Today in the Asian session, while Gold technical Analysis 28 December 2020 is preparing at 5:15 GMT, the XAU/USD trading at 1780.00, which is 0.20% higher from Yesterday’s close.
The Gold is expected to find support at 1770.00, and a fall through could take it to the next support level of 1765.00. The pair is expected to find its first resistance at 1720.00, and a rise through could take it to the next resistance level of 1792.00. Today’s expected trading range is between 1795.00, support and 1740.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1770.00
Support 2: 1765:00
Support 3: 1757:00
Important resistance levels:
Resistance 1: 1792.00
Resistance 2: 1795.00
Resistance 3: 1798.00
Gold buying opportunity for intraday trading on April 26, 2021
Buy near the support zones 1770.00 and 1765.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
Gold selling opportunity for intraday trading on April 26, 2021
Sell near the resistance zones 1792.00 and 1795.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.