Gold Technical Analysis April 5, 2019
The Gold rose 0.20% against the USD on Thursday and closed at 1292.32 Today in the European session while Gold technical analysis April 5, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1289.00, which is 0.25% lower from Yesterday’s close.
The Gold is expected to find support at 1284.00, and a fall through could take it to the next support level of 1275.50. The pair is expected to find its first resistance at 1297.50, and a rise through could take it to the next resistance level of 1303.00. For today the expected trading range is betwee 1275.50, Support and 1303.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1284.00 Support 2: 1275:50 Support 3: 1270:00
Resistance Levels: Resistance 1: 1297.50 Resistance 2: 1303.00 Resistance 3: 1311.00
Gold Buying Opportunity for Intraday Trading April 5, 2019
Buy near the support area 1284.00 and 1275.50 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 5, 2019
Sell near the resistance area 1297.50 and 1303.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.