Gold Technical Analysis July 23, 2019
Gold Technical Analysis: The Gold declined 0.12% against the USD on Monday and closed at 1424.50. Today in the European session while Gold technical Analysis July 23, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1418.00, which is 0.45% lower from Yesterday’s close.
The Gold is expected to find support at 1413.00, 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 1429.00, and a rise through could take it to the next resistance level of 1433.00. For today the expected trading range is betwee 1400.00, Support and 1429.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1413.00, Support 2: 1400:00, Support 3: 1390:00
Resistance Levels: Resistance 1: 1429.00, Resistance 2: 1433.00, Resistance 3: 1437.00
Gold Buying Opportunity for Intraday Trading July 23, 2019
Buy near the support area 1413.00 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 23, 2019
Sell near the resistance area 1429.00 and 1433.00 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.