Gold Technical Analysis December 4, 2018
The Gold rose 0.66% against the USD on Monday and closed at 1230.80. Today in the European session while Gold technical analysis December 4, 2018 is preparing at 7:45 GMT, the XAU/USD trading at 1238.00, which is 0.58% higher from Yesterday’s close.
The Gold is expected to find support at 1223.00, and a fall through could take it to the next support level of 1215.00. The pair is expected to find its first resistance at 1242.50, and a rise through could take it to the next resistance level of 1250.00. For today the expected trading range is betwee 1223.00, Support and 1250.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1223.00 Support 2: 1215:00 Support 3: 1209:00
Resistance Levels: Resistance 1: 1236.50 Resistance 2: 1242.50 Resistance 3: 1250.00
Gold Buying Opportunity for Intraday Trading December 4, 2018
Buy near the support area 1223.00 and 1215.00 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 4, 2018
Sell near the resistance area 1242.50 and 1250.00 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 4, 2018