Gold Technical Analysis March 18, 2019
The Gold rose 0.43% against the USD on Friday and closed at 1301.80 Today in the European session while Gold technical analysis March 18, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1303.00, which is 0.09% higher from Yesterday’s close.
The Gold is expected to find support at 1295.00, and a fall through could take it to the next support level of 1288.00. The pair is expected to find its first resistance at 1307.00, and a rise through could take it to the next resistance level of 1313.00. For today the expected trading range is betwee 12898.00, Support and 1320.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1295.00 Support 2: 1288:00 Support 3: 1282:00
Resistance Levels: Resistance 1: 1307.00 Resistance 2: 1313.00 Resistance 3: 1320.00
Gold Buying Opportunity for Intraday Trading March 18, 2019
Buy near the support area 1295.00 and 1288.00 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 March 18, 2019
Sell near the resistance area 1307.00 and 1313.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.