Gold Technical Analysis April 1, 2019
The Gold rose 0.14% against the USD on Friday and closed at 1292.10 Today in the European session while Gold technical analysis April 1, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1290.00, which is 0.16% lower from Yesterday’s close.
The Gold is expected to find support at 1286.00, and a fall through could take it to the next support level of 1280.00. The pair is expected to find its first resistance at 1297.00, and a rise through could take it to the next resistance level of 1305.00. For today the expected trading range is betwee 1280.00, Support and 1305.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1286.00 Support 2: 1280:00 Support 3: 1273:00
Resistance Levels: Resistance 1: 1297.00 Resistance 2: 1305.00 Resistance 3: 1312.00
Gold Buying Opportunity for Intraday Trading April 1, 2019
Buy near the support area 1297.00 and 1305.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
Gold Selling Opportunity for Intraday Trading April 1, 2019
Sell near the resistance area 1305.50 and 1320.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.