Gold Technical Analysis December 3, 2018
The Gold declined 0.17% against the USD on Friday and closed at 1221.90. Today in the European session while Gold technical analysis December 3, 2018 is preparing at 7:45 GMT, the XAU/USD trading at 1226.00, which is 0.33% lower from Yesterday’s close.
The Gold is expected to find support at 1217.00, and a fall through could take it to the next support level of 1212.00. The pair is expected to find its first resistance at 1230.00, and a rise through could take it to the next resistance level of 1235.00. For today the expected trading range is betwee 1217.00, Support and 1235.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1217.00 Support 2: 1212:00 Support 3: 1208:00
Resistance Levels: Resistance 1: 1226.00 Resistance 2: 1230.00 Resistance 3: 1235.00
Gold Buying Opportunity for Intraday Trading December 3, 2018
Buy near the support area 1217.00 and 1212.00 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 3, 2018
Sell near the resistance area 1230.00 and 1235.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.
Crude Oil Technical Analysis December 3, 2018