Gold Technical Analysis June 28, 2019
Gold Technical Analysis: The Gold rose 0.07% against the USD on Thursday and closed at 1409.00 Today in the European session while Gold technical Analysis June 28, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1412.00, which is 0.21% higher from Yesterday’s close.
The Gold is expected to find support at 1401.00, and a fall through could take it to the next support level of 1393.00. 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 1428.00. For today the expected trading range is betwee 1401.00, Support and 1428.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1401.00 Support 2: 1393:00 Support 3: 1387:00
Resistance Levels: Resistance 1: 1414.00 Resistance 2: 1420.00 Resistance 3: 1428.00
Gold Buying Opportunity for Intraday Trading June 28, 2019
Buy near the support area 1401.00 and 1393.00 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 28, 2019
Sell near the resistance area 1420.00 and 1428.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.