Gold Technical Analysis 28 April 2020
Gold Technical Analysis: The Gold declined 0.40% against the USD on Monday and closed at 1715.00. Today in the European session while Gold technical Analysis 28 April 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1701.00, which is 0.81% lower from Yesterday’s close.
The Gold is expected to find support at 1694.00, and a fall through could take it to the next support level of 1683.00. The pair is expected to find its first resistance at 1726.00, and a rise through could take it to the next resistance level of 1738.00. For today the expected trading range is betwee 1683.00, Support and 1726.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1705.00, Support 2: 1694:00, Support 3: 1683:00
Resistance Levels: Resistance 1: 1726.00, Resistance 2: 1738.00, Resistance 3: 1748.00
Gold Buying Opportunity for Intraday Trading 28 April 2020
Buy near the support area 1694.00 and 1683.00 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 28 April 2020
Sell near the resistance area 1726.00 and 1738.00 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.