Gold Technical Analysis July 15, 2019
Gold Technical Analysis: The Gold rose 0.74% against the USD on Friday and closed at 1414.85. Today in the European session while Gold technical Analysis July 15, 2019 is preparing at 6:45 GMT, the XAU/USD trading at 1416.00, which is 0.08% higher from Yesterday’s close.
The Gold is expected to find support at 1406.00, and a fall through could take it to the next support level of 1398.00. The pair is expected to find its first resistance at 1420.00, and a rise through could take it to the next resistance level of 1425.00. For today the expected trading range is betwee 1398.00, Support and 1434.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1406.00, Support 2: 1398:00, Support 3: 1392:00
Resistance Levels: Resistance 1: 1420.00, Resistance 2: 1425.00, Resistance 3: 1434.00
Gold Buying Opportunity for Intraday Trading July 15, 2019
Buy near the support area 1406.00 and 1398.00 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
Gold Selling Opportunity for Intraday Trading July 15, 2019
Sell near the resistance area 1420.00 and 1425.00 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.