Gold Technical Analysis July 2, 2019
Gold Technical Analysis: The Gold declined 0.64% against the USD on Monday and closed at 1383.60 Today in the European session while Gold technical Analysis July 2, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1392.00, which is 0.60% higher from Yesterday’s close.
The Gold is expected to find support at 1377.00, and a fall through could take it to the next support level of 1371.00. The pair is expected to find its first resistance at 1394.00, and a rise through could take it to the next resistance level of 1404.00. For today the expected trading range is betwee 1371.00, Support and 1404.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1377.00 Support 2: 1371:00 Support 3: 1361:00
Resistance Levels: Resistance 1: 1394.00 Resistance 2: 1404.00 Resistance 3: 1410.00
Gold Buying Opportunity for Intraday Trading July 2, 2019
Buy near the support area 1377.00 and 1371.00 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 2, 2019
Sell near the resistance area 1394.00 and 1404.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.