Gold Technical Analysis November 23, 2018
The Gold rose 0.10% against the USD on Thursday and closed at 1226.80. Today in the European session while Gold technical analysis November 23, 2018 is preparing at 7:45 GMT, the XAU/USD trading at 1223.00, which is 0.30% lower from Yesterday’s close.
The Gold is expected to find support at 1222.00, and a fall through could take it to the next support level of 1220.00. The pair is expected to find its first resistance at 1231.00, and a rise through could take it to the next resistance level of 1233.00. For today the expected trading range is betwee 1220.00, Support and 1233.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1224.00 Support 2: 1222:00 Support 3: 1220:00
Resistance Levels: Resistance 1: 1229.00 Resistance 2: 1231.00 Resistance 3: 1233.00
Gold Buying Opportunity for Intraday Trading November 23, 2018
Buy near the support area 1222.00 and 1220.00 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 23, 2018
Sell near the resistance area 1231.00 and 1233.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.