Gold Technical Analysis July 8, 2019
Gold Technical Analysis: The Gold declined 1.29% against the USD on Friday and closed at 1398.00 Today in the European session while Gold technical Analysis July 8, 2019 is preparing at 6:45 GMT, the XAU/USD trading at 1405.00, which is 0.50% higher from Yesterday’s close.
The Gold is expected to find support at 1382.00, and a fall through could take it to the next support level of 1365.00. The pair is expected to find its first resistance at 1420.00, and a rise through could take it to the next resistance level of 1440.00. For today the expected trading range is betwee 1382.00, Support and 1440.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1382.00 Support 2: 1365:00 Support 3: 1344:00
Resistance Levels: Resistance 1: 1420.00 Resistance 2: 1440.00 Resistance 3: 1457.00
Gold Buying Opportunity for Intraday Trading July 8, 2019
Buy near the support area 1382.00 and 1365.00 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 8, 2019
Sell near the resistance area 1420.00 and 1440.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.