Gold Technical Analysis 30 June 2020
Gold Technical Analysis: The Gold rose 0.13% against the USD on Monday and closed at 1772.00. Today in the European session while Gold technical Analysis 30 June 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1770.00, which is 0.13% higher from Yesterday’s close.
The Gold is expected to find support at 1767.00, and a fall through could take it to the next support level of 1761.00. The pair is expected to find its first resistance at 1777.00, and a rise through could take it to the next resistance level of 1781.00. For today the expected trading range is betwee 1757.00, Support and 1787.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1767.00, Support 2: 1761:00, Support 3: 1757:00
Resistance Levels: Resistance 1: 1777.00, Resistance 2: 1781.00, Resistance 3: 1787.00
Gold Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 1767.00 and 1761.00 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 1777.00 and 1781.00 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.