Gold Technical Analysis March 21, 2019
The Gold rose 0.52% against the USD on Wednesday and closed at 1312.28 Today in the European session while Gold technical analysis March 21, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1318.00, which is 0.43% higher from Yesterday’s close.
The Gold is expected to find support at 1309.00, and a fall through could take it to the next support level of 1301.00. The pair is expected to find its first resistance at 1320.00, and a rise through could take it to the next resistance level of 1327.50. For today the expected trading range is betwee 1301.00, Support and 1327.50 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1301.00 Support 2: 1291:00 Support 3: 1283:00
Resistance Levels: Resistance 1: 1320.00 Resistance 2: 1327.50 Resistance 3: 1338.50
Gold Buying Opportunity for Intraday Trading March 21, 2019
Buy near the support area 1309.00 and 1301.00 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 21, 2019
Sell near the resistance area 1320.00 and 1327.50 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.