Gold Technical Analysis July 4, 2019
Gold Technical Analysis: The Gold declined 0.32% against the USD on Wednesday and closed at 1418.25 Today in the European session while Gold technical Analysis July 4, 2019 is preparing at 6:45 GMT, the XAU/USD trading at 1414.00, which is 0.29% lower from Yesterday’s close.
The Gold is expected to find support at 1407.00, and a fall through could take it to the next support level of 1497.00. The pair is expected to find its first resistance at 1333.00, and a rise through could take it to the next resistance level of 1448.00. For today the expected trading range is betwee 1397.00, Support and 1433.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1407.00 Support 2: 1397:00 Support 3: 1388:00
Resistance Levels: Resistance 1: 1433.00 Resistance 2: 1448.00 Resistance 3: 1459.00
Gold Buying Opportunity for Intraday Trading July 4, 2019
Buy near the support area 1394.00 and 1370.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
Gold Selling Opportunity for Intraday Trading July 4, 2019
Sell near the resistance area 1333.00 and 1448.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.