Gold Technical Analysis November 27, 2018
The Gold declined 0.11% against the USD on Monday and closed at 1222.00. Today in the European session while Gold technical analysis November 27, 2018 is preparing at 9:45 GMT, the XAU/USD trading at 1222.30, which is 0.01% lower 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 1217.00. The pair is expected to find its first resistance at 1236.00, and a rise through could take it to the next resistance level of 1230.00. For today the expected trading range is betwee 1220.00, Support and 1233.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1220.00 Support 2: 1227:00 Support 3: 1213:00
Resistance Levels: Resistance 1: 1226.00 Resistance 2: 1230.00 Resistance 3: 1233.00
Gold Buying Opportunity for Intraday Trading November 27, 2018
Buy near the support area 1220.00 and 1217.00 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 27, 2018
Sell near the resistance area 1226.00 and 1230.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.