Gold Technical Analysis March 20, 2019
The Gold rose 0.23% against the USD on Tuesday and closed at 1306.35 Today in the European session while Gold technical analysis March 20, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1305.00, which is 0.10% lower from Yesterday’s close.
The Gold is expected to find support at 1302.00, and a fall through could take it to the next support level of 1298.00. The pair is expected to find its first resistance at 1311.00, and a rise through could take it to the next resistance level of 1315.00. For today the expected trading range is betwee 1294.00, Support and 1315.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1302.00 Support 2: 1298:00 Support 3: 1294:00
Resistance Levels: Resistance 1: 1311.00 Resistance 2: 1315.00 Resistance 3: 1320.00
Gold Buying Opportunity for Intraday Trading March 20, 2019
Buy near the support area 1302.00 and 1298.00 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 20, 2019
Sell near the resistance area 1311.00 and 1315.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.