Gold Technical Analysis March 19, 2019
The Gold rose 0.10% against the USD on Monday and closed at 1303.35 Today in the European session while Gold technical analysis March 19, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1305.50, which is 0.16% higher from Yesterday’s close.
The Gold is expected to find support at 1298.00, and a fall through could take it to the next support level of 1294.00. The pair is expected to find its first resistance at 1307.50, and a rise through could take it to the next resistance level of 1311.00. For today the expected trading range is betwee 1294.00, Support and 1316.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1298.00 Support 2: 1294:00 Support 3: 1290:00
Resistance Levels: Resistance 1: 1307.50 Resistance 2: 1311.00 Resistance 3: 1316.00
Gold Buying Opportunity for Intraday Trading March 19, 2019
Buy near the support area 1298.00 and 1294.00 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 19, 2019
Sell near the resistance area 1307.50 and 1311.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.