Gold Technical Analysis July 18, 2019
Gold Technical Analysis: The Gold rose 1.39% against the USD on Wednesday and closed at 1426.00. Today in the European session while Gold technical Analysis July 18, 2019 is preparing at 6:45 GMT, the XAU/USD trading at 1420.00, which is 0.35% lower from Yesterday’s close.
The Gold is expected to find support at 1408.00, and a fall through could take it to the next support level of 1391.00. The pair is expected to find its first resistance at 1445.00, and a rise through could take it to the next resistance level of 1444.00. For today the expected trading range is betwee 1408.00, Support and 1435.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1408.00, Support 2: 1391:00, Support 3: 1381:00
Resistance Levels: Resistance 1: 1445.00, Resistance 2: 1444.00, Resistance 3: 1462.00
Gold Buying Opportunity for Intraday Trading July 18, 2019
Buy near the support area 1408.50 and 1391.00 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 18, 2019
Sell near the resistance area 1445.00 and 1444.00 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.