Gold Technical Analysis November 22, 2018
The Gold rose 0.34% against the USD on Wednesday and closed at 1225.77. Today in the European session while Gold technical analysis November 22, 2018 is preparing at 5:45 GMT, the XAU/USD trading at 1226.00, which is 0.01% higher from Yesterday’s close.
The Gold is expected to find support at 1220.00, and a fall through could take it to the next support level of 1215.00. 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 1220.50, Support and 1235.50 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1220.00 Support 2: 1215:00 Support 3: 1110:00
Resistance Levels: Resistance 1: 1230.50 Resistance 2: 1235.50 Resistance 3: 1241.00
Gold Buying Opportunity for Intraday Trading November 22, 2018
Buy near the support area 1220.00 and 1215.00 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 November 22, 2018
Sell near the resistance area 1230.50 and 1235.50 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.