Gold Technical Analysis Sep 12, 2019
Gold Technical Analysis: The Gold rose 0.68% against the USD on Wednesday and closed at 1496.40. Today in the European session while Gold technical Analysis Sep 12, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1503.00, which is 0.44% higher from Yesterday’s close.
The Gold is expected to find support at 1489.00, and a fall through could take it to the next support level of 1481.00. The pair is expected to find its first resistance at 1506.00, and a rise through could take it to the next resistance level of 1513.00. For today the expected trading range is betwee 1481.00, Support and 1513.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1489.00, Support 2: 1481:00, Support 3: 1476:00
Resistance Levels: Resistance 1: 1501.00, Resistance 2: 1506.00, Resistance 3: 1513.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1489.00 and 1481.00 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
Gold Selling Opportunity for Intraday Trading Aug 16, 2019
Sell near the resistance area 1506.00 and 1513.00 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.