Gold Technical Analysis July 22, 2019
Gold Technical Analysis: The Gold declined 1.65% against the USD on Friday and closed at 1425.00. Today in the European session while Gold technical Analysis July 22, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1426.00, which is 0.07% higher from Yesterday’s close.
The Gold is expected to find support at 1412.00, and a fall through could take it to the next support level of 1400.00. 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 1465.00. For today the expected trading range is betwee 1412.00, Support and 1445.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1412.00, Support 2: 1400:00, Support 3: 1380:00
Resistance Levels: Resistance 1: 1445.00, Resistance 2: 1465.00, Resistance 3: 1478.00
Gold Buying Opportunity for Intraday Trading July 22, 2019
Buy near the support area 1412.00 and 1400.00 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 22, 2019
Sell near the resistance area 1445.00 and 1465.00 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.