Gold Technical Analysis July 24, 2019
Gold Technical Analysis: The Gold declined 0.49% against the USD on Monday and closed at 1417.50. Today in the European session while Gold technical Analysis July 24, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1426.00, which is 0.59% higher from Yesterday’s close.
The Gold is expected to find support at 1411.00, and a fall through could take it to the next support level of 1404.00. The pair is expected to find its first resistance at 1427.00, and a rise through could take it to the next resistance level of 1436.00. For today the expected trading range is betwee 1404.00, Support and 1436.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1411.00, Support 2: 1404:00, Support 3: 1395:00
Resistance Levels: Resistance 1: 1427.00, Resistance 2: 1436.00, Resistance 3: 1443.00
Gold Buying Opportunity for Intraday Trading July 24, 2019
Buy near the support area 1411.00 and 1404.00 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 24, 2019
Sell near the resistance area 1427.00 and 1436.00 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.