Gold Technical Analysis April 23, 2019
Gold Technical Analysis: The Gold declined 0.07% against the USD on Monday and closed at 1274.65 Today in the European session while Gold technical analysis April 23, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1273.00, which is 0.12% higher from Yesterday’s close.
The Gold is expected to find support at 1272.00, and a fall through could take it to the next support level of 1269.00. The pair is expected to find its first resistance at 1278.00, and a rise through could take it to the next resistance level of 1282.00. For today the expected trading range is betwee 1266.00, Support and 1284.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1272.00 Support 2: 1269:00 Support 3: 1266:00
Resistance Levels: Resistance 1: 1278.00 Resistance 2: 1282.00 Resistance 3: 1284.00
Gold Buying Opportunity for Intraday Trading April 23, 2019
Buy near the support area 1272.00 and 1269.00 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 23, 2019
Sell near the resistance area 1278.00 and 1282.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.