Gold Technical Analysis March 28, 2019
The Gold declined 0.45% against the USD on Wednesday and closed at 1309.00 Today in the European session while Gold technical analysis March 28, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1308.00, which is 0.07% lower from Yesterday’s close.
The Gold is expected to find support at 1305.00, 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 1325.50, and a rise through could take it to the next resistance level of 1323.50. For today the expected trading range is betwee 1294.50, Support and 1316.50 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1305.00 Support 2: 1301:00 Support 3: 1294:00
Resistance Levels: Resistance 1: 1316.50 Resistance 2: 1323.50 Resistance 3: 1328.00
Gold Buying Opportunity for Intraday Trading March 28, 2019
Buy near the support area 1305.00 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 28, 2019
Sell near the resistance area 1316.50 and 1323.50 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.