Gold Technical Analysis July 25, 2019
Gold Technical Analysis: The Gold rose 0.56% against the USD on Tuesday and closed at 1425.00. Today in the European session while Gold technical Analysis July 25, 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 1418.00, and a fall through could take it to the next support level of 1410.00. The pair is expected to find its first resistance at 1431.00, and a rise through could take it to the next resistance level of 1437.00. For today the expected trading range is betwee 1410.00, Support and 1444.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1418.00, Support 2: 1410:00, Support 3: 1404:00
Resistance Levels: Resistance 1: 1431.00, Resistance 2: 1437.00, Resistance 3: 1444.00
Gold Buying Opportunity for Intraday Trading July 25, 2019
Buy near the support area 1418.00 and 1410.00 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 25, 2019
Sell near the resistance area 1431.00 and 1437.00 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.