Gold Technical Analysis 30 April 2020
Gold Technical Analysis: The Gold declined 0.29% against the USD on Wednesday and closed at 1713.00. Today in the European session while Gold technical Analysis 30 April 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1718.00, which is 0.29% higher from Yesterday’s close.
The Gold is expected to find support at 1701.00, and a fall through could take it to the next support level of 1689.00. The pair is expected to find its first resistance at 1721.00, and a rise through could take it to the next resistance level of 1729.00. For today the expected trading range is betwee 1689.00, Support and 1741.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1701.00, Support 2: 1689:00, Support 3: 1681:00
Resistance Levels: Resistance 1: 1721.00, Resistance 2: 1729.00, Resistance 3: 1741.00
Gold Buying Opportunity for Intraday Trading 30 April 2020
Buy near the support area 1701.00 and 1689.00 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 30 April 2020
Sell near the resistance area 1721.00 and 1729.00 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.