Gold Technical Analysis June 27, 2019
Gold Technical Analysis: The Gold declined 0.78% against the USD on Wednesday and closed at 1408.50 Today in the European session while Gold technical Analysis June 27, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1404.00, which is 0.31% lower from Yesterday’s close.
The Gold is expected to find support at 1400.00, and a fall through could take it to the next support level of 1390.00. 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 1431.00. For today the expected trading range is betwee 1390.00, Support and 1420.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1400.00 Support 2: 1390:00 Support 3: 1380:00
Resistance Levels: Resistance 1: 1420.00 Resistance 2: 1431.00 Resistance 3: 1440.00
Gold Buying Opportunity for Intraday Trading June 27, 2019
Buy near the support area 1400.00 and 1390.00 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 June 27, 2019
Sell near the resistance area 1420.00 and 1431.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.