Gold Technical Analysis July 19, 2019
Gold Technical Analysis: The Gold rose 1.45% against the USD on Thursday and closed at 1445.50. Today in the European session while Gold technical Analysis July 19, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1437.00, which is 0.35% lower from Yesterday’s close.
The Gold is expected to find support at 1424.00, and a fall through could take it to the next support level of 1402.00. The pair is expected to find its first resistance at 1457.00, and a rise through could take it to the next resistance level of 1460.00. For today the expected trading range is betwee 1424.00, Support and 1457.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1424.00, Support 2: 1402:00, Support 3: 1391:00
Resistance Levels: Resistance 1: 1457.00, Resistance 2: 1460.00, Resistance 3: 1491.00
Gold Buying Opportunity for Intraday Trading July 19, 2019
Buy near the support area 1424.50 and 1402.00 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 19, 2019
Sell near the resistance area 1457.00 and 1460.00 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.