Gold Technical Analysis December 14, 2018
The Gold declined 0.29% against the USD on Thursday and closed at 1242.00. Today in the European session while Gold technical analysis December 14, 2018 is preparing at 7:45 GMT, the XAU/USD trading at 1240.00, which is 0.16% higher from Yesterday’s close.
The Gold is expected to find support at 1236.00, and a fall through could take it to the next support level of 1232.00. The pair is expected to find its first resistance at 1246.00, and a rise through could take it to the next resistance level of 1250.00. For today the expected trading range is betwee 1232.00, Support and 1253.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1239.00 Support 2: 1236:00 Support 3: 1232:00
Resistance Levels: Resistance 1: 1246.00 Resistance 2: 1250.00 Resistance 3: 1253.00
Gold Buying Opportunity for Intraday Trading December 14, 2018
Buy near the support area 1236.00 and 1232.00 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 14, 2018
Sell near the resistance area 1248.00 and 1253.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.