Gold Technical Analysis April 10, 2019
The Gold rose 0.47% against the USD on Tuesday and closed at 1303.80 Today in the European session while Gold technical analysis April 10, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1303.50, which is 0.02% lower from Yesterday’s close.
The Gold is expected to find support at 1298.00, and a fall through could take it to the next support level of 1292.00. The pair is expected to find its first resistance at 1308.00, and a rise through could take it to the next resistance level of 1312.00. For today the expected trading range is betwee 1292.00, Support and 1318.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1298.00 Support 2: 1292:00 Support 3: 1288:00
Resistance Levels: Resistance 1: 1308.50 Resistance 2: 1312.00 Resistance 3: 1318.00
Gold Buying Opportunity for Intraday Trading April 10, 2019
Buy near the support area 1298.00 and 1292.00 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 10, 2019
Sell near the resistance area 1308.50 and 1312.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.