Gold Technical Analysis Sep 13, 2019
Gold Technical Analysis: The Gold rose 0.16% against the USD on Thursday and closed at 1499.00. Today in the European session while Gold technical Analysis Sep 13, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1506.00, which is 0.46% higher from Yesterday’s close.
The Gold is expected to find support at 1484.00, and a fall through could take it to the next support level of 1469.00. The pair is expected to find its first resistance at 1519.00, and a rise through could take it to the next resistance level of 1539.00. For today the expected trading range is betwee 1484.00, Support and 1519.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1484.00, Support 2: 1469:00, Support 3: 1449:00
Resistance Levels: Resistance 1: 1519.00, Resistance 2: 1539.00, Resistance 3: 1554.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1484.00 and 1469.00 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 1519.00 and 1539.00 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.