Gold Technical Analysis Aug 27, 2019
Gold Technical Analysis: The Gold declined 1.18% against the USD on Monday and closed at 1527.25. Today in the European session while Gold technical Analysis Aug 27, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1531.00, which is 0.25% lower from Yesterday’s close.
The Gold is expected to find support at 1516.00, and a fall through could take it to the next support level of 1505.00. The pair is expected to find its first resistance at 1547.00, and a rise through could take it to the next resistance level of 1566.00. For today the expected trading range is betwee 1505.00, Support and 1565.00 Resistance.
The expected trend for today is Buillsh
Supports Levels: Support 1: 1516.00, Support 2: 1505:00, Support 3: 1486:00
Resistance Levels: Resistance 1: 1547.00, Resistance 2: 1566.00, Resistance 3: 1576.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1516.00 and 1405.00 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
Gold Selling Opportunity for Intraday Trading Aug 16, 2019
Sell near the resistance area 1547.00 and 1576.00 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.