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Gold Technical Analysis December 11, 2018

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Gold Technical Analysis December 11, 2018

The Gold declined 0.46% against the USD on Monday and closed at 1244.00. Today in the European session while Gold technical analysis December 11, 2018 is preparing at 7:45 GMT, the XAU/USD trading at 1248.00, which is 0.32% higher from Yesterday’s close.

The Gold is expected to find support at 1240.00, and a fall through could take it to the next support level of 1236.00. The pair is expected to find its first resistance at 1250.00, and a rise through could take it to the next resistance level of 1255.00. For today the expected trading range is betwee 1236.00, Support and 1259.00 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1240.00 Support 2: 1236:00 Support 3: 1230:00
Resistance Levels: Resistance 1: 1250.00 Resistance 2: 1255.00 Resistance 3: 1259.00

Gold Buying Opportunity for Intraday Trading December 11, 2018

Buy near the support area 1240.00 and 1236.00 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 December 11, 2018

Sell near the resistance area 1250.00 and 1255.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

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