Gold Technical Analysis October 11, 2018
The Gold rose 0.39% against the USD on Wednesday and closed at 1194.00. Today in the European session while Gold technical analysis October 11, 2018 is preparing at 9:45 GMT, the XAU/USD trading at 1196.00, which is 0.17% higherr from Yesterday’s close.
Gold technical analysis 11 October 2018
The Gold is expected to find support at 1188.00, and a fall through could take it to the next support level of 1182.00. The pair is expected to find its first resistance at 1298.00, and a rise through could take it to the next resistance level of 1201.00. For today the expected trading range is betwee 1188.00, Support and 1207.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1188.00 Support 2: 1182:00 Support 3: 1178:00
Resistance Levels: Resistance 1: 1198.00 Resistance 2: 1201.00 Resistance 3: 1207.00
Gold Buying Opportunity for Intraday Trading October 11, 2018
Buy near the support area 1288.00 and 1182.00 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 October 11, 2018
Sell near the resistance area 1198.00 and 1201.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.