Gold Technical Analysis July 29, 2019
Gold Technical Analysis: The Gold rose 0.25% against the USD on Friday and closed at 1418.40. Today in the European session while Gold technical Analysis July 29, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1419.50, which is 0.07% higher 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 1407.00. The pair is expected to find its first resistance at 1428.00, and a rise through could take it to the next resistance level of 1442.00. For today the expected trading range is betwee 1400.00, Support and 1435.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1413.00, Support 2: 1407:00, Support 3: 1401:00
Resistance Levels: Resistance 1: 1424.00, Resistance 2: 1430.00, Resistance 3: 1436.00
Gold Buying Opportunity for Intraday Trading July 29, 2019
Buy near the support area 1413.00 and 1407.00 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 29, 2019
Sell near the resistance area 1424.00 and 1430.00 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.