Gold Technical Analysis October 24, 2018
The Gold rose 0.67% against the USD on Tuesday and closed at 1230.30. Today in the European session while Gold technical analysis October 24, 2018 is preparing at 9:45 GMT, the XAU/USD trading at 1232.00, which is 0.10% higher from Yesterday’s close.
The Gold is expected to find support at 1221.00, and a fall through could take it to the next support level of 1212.50. The pair is expected to find its first resistance at 1239.50, and a rise through could take it to the next resistance level of 1248.50. For today the expected trading range is betwee 1221.50, Support and 1248.50 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1221.00 Support 2: 1212:50 Support 3: 1203:00
Resistance Levels: Resistance 1: 1239.50 Resistance 2: 1248.50 Resistance 3: 1257.50
Gold Buying Opportunity for Intraday Trading October 24, 2018
Buy near the support area 1221.00 and 1211.50 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 October 24, 2018
Sell near the resistance area 1239.50 and 1248.50 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.