Gold Technical Analysis Sep 19, 2019
Gold Technical Analysis: The Gold declined 0.54% against the USD on Wednesday and closed at 1493.00. Today in the European session while Gold technical Analysis Sep 19, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1497.50, which is 0.26% higher from Yesterday’s close.
The Gold is expected to find support at 1480.00, and a fall through could take it to the next support level of 1467.00. The pair is expected to find its first resistance at 1508.00, and a rise through could take it to the next resistance level of 1524.00. For today the expected trading range is betwee 1480.00, Support and 1508.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1480.00, Support 2: 1467:00, Support 3: 1451:00
Resistance Levels: Resistance 1: 1508.00, Resistance 2: 1544.00, Resistance 3: 1537.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1480.00 and 1467.00 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 1508.00 and 1524.00 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.