Gold Technical Analysis November 21, 2018
The Gold declined 0.17% against the USD on Tuesday and closed at 1221.47. Today in the European session while Gold technical analysis November 21, 2018 is preparing at 5:45 GMT, the XAU/USD trading at 1221.00, which is 0.03% lower from Yesterday’s close.
The Gold is expected to find support at 1218.00, and a fall through could take it to the next support level of 1214.50. The pair is expected to find its first resistance at 1227.00, and a rise through could take it to the next resistance level of 1232.00. For today the expected trading range is betwee 1214.50, Support and 1227.276 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1218.00 Support 2: 1214:50 Support 3: 1109:00
Resistance Levels: Resistance 1: 1227.00 Resistance 2: 1232.00 Resistance 3: 1235.50
Gold Buying Opportunity for Intraday Trading November 21, 2018
Buy near the support area 1218.00 and 1214.50 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 November 21, 2018
Sell near the resistance area 1227.00 and 1232.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.