Gold Technical Analysis 30 November 2020
Gold Technical Analysis: The Gold declined 1.30% against the USD on Friday and closed at 1786.70. Today in the Asian session, while Gold technical Analysis 30 November 2020 is preparing at 5:15 GMT, the XAU/USD trading at 1770.00, which is 0.90% lower from Yesterday’s close.
The Gold is expected to find support at 1765.00, and a fall through could take it to the next support level of 1750.00. The pair is expected to find its first resistance at 1781.00, and a rise through could take it to the next resistance level of 1808.00. Today’s expected trading range is between 1730.00, support and 1808.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1765.00
Support 2: 1750:00
Support 3: 1730:00
Important resistance levels:
Resistance 1: 1781.00
Resistance 2: 1808.00
Resistance 3: 1817.00
Gold buying opportunity for intraday trading on November 30, 2020
Buy near the support zones 1765.00 and 1750.00 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 November 30, 2020
Sell near the resistance zones 1781.00 and 1808.00 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.