Gold Technical Analysis 27 April 2020
Gold Technical Analysis: The Gold declined 0.17% against the USD on Thursday and closed at 1726.50. Today in the European session while Gold technical Analysis 27 April 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1720.00, which is 0.37% lower 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 1698.00. The pair is expected to find its first resistance at 1738.00, and a rise through could take it to the next resistance level of 1750.00. For today the expected trading range is betwee 1698.00, Support and 1750.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1712.00, Support 2: 1698:00, Support 3: 1686:00
Resistance Levels: Resistance 1: 1738.00, Resistance 2: 1750.00, Resistance 3: 1764.00
Gold Buying Opportunity for Intraday Trading 27 April 2020
Buy near the support area 1712.00 and 1698.00 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 27 April 2020
Sell near the resistance area 1738.00 and 1750.00 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.