Gold Technical Analysis October 26, 2018
The Gold declined 0.20% against the USD on Thursday and closed at 1231.81. Today in the European session while Gold technical analysis October 26, 2018 is preparing at 10:45 GMT, the XAU/USD trading at 1237.00, which is 0.42% lower from Yesterday’s close.
The Gold is expected to find support at 1227.00, and a fall through could take it to the next support level of 1222.00. The pair is expected to find its first resistance at 1238.00, and a rise through could take it to the next resistance level of 1244.00. For today the expected trading range is betwee 1227.00, Support and 1249.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1227.00 Support 2: 1222:00 Support 3: 1216:00
Resistance Levels: Resistance 1: 1238.00 Resistance 2: 1244.00 Resistance 3: 1249.00
Gold Buying Opportunity for Intraday Trading October 26, 2018
Buy near the support area 1227.00 and 1222.00 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 26, 2018
Sell near the resistance area 1238.00 and 1244.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.