Gold Technical Analysis July 1, 2019
Gold Technical Analysis: The Gold rose 0.07% against the USD on Friday and closed at 1410.00 Today in the European session while Gold technical Analysis July 1, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1383.00, which is 1.91% higher from Yesterday’s close.
The Gold is expected to find support at 1383.00, and a fall through could take it to the next support level of 1372.00. The pair is expected to find its first resistance at 1421.00, and a rise through could take it to the next resistance level of 1432.00. For today the expected trading range is betwee 1372.00, Support and 1400.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1402.00 Support 2: 1394:00 Support 3: 1383:00
Resistance Levels: Resistance 1: 1421.00 Resistance 2: 1432.00 Resistance 3: 1440.00
Gold Buying Opportunity for Intraday Trading July 1, 2019
Buy near the support area 1383.00 and 1372.00 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 July 1, 2019
Sell near the resistance area 1421.00 and 1432.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.