Gold Technical Analysis March 8, 2019
The Gold declined 0.05% against the USD on Thursday and closed at 1285.30 Today in the European session while Gold technical analysis March 8, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1293.00, which is 0.59% higher from Yesterday’s close.
The Gold is expected to find support at 1281.00, and a fall through could take it to the next support level of 1276.50. The pair is expected to find its first resistance at 1290.00, and a rise through could take it to the next resistance level of 1293.50. For today the expected trading range is betwee 1276.50, Support and 1297.50 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1281.00 Support 2: 1276:50 Support 3: 1272:50
Resistance Levels: Resistance 1: 1290.00 Resistance 2: 1293.50 Resistance 3: 1297.50
Gold Buying Opportunity for Intraday Trading March 8, 2019
Buy near the support area 1281.00 and 1276.50 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 8, 2019
Sell near the resistance area 1290.00 and 1293.50 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.