Gold Technical Analysis Sep 23, 2019
Gold Technical Analysis: The Gold rose 1.13% against the USD on Friday and closed at 1516.90. Today in the European session while Gold technical Analysis Sep 23, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1519.00, which is 0.13% higher from Yesterday’s close.
The Gold is expected to find support at 1504.00, and a fall through could take it to the next support level of 1491.00. The pair is expected to find its first resistance at 1523.00, and a rise through could take it to the next resistance level of 1530.00. For today the expected trading range is betwee 1491.00, Support and 1442.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1504.00, Support 2: 1491:00, Support 3: 1484:00
Resistance Levels: Resistance 1: 1523.00, Resistance 2: 1530.00, Resistance 3: 1542.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1504.00 and 1491.00 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 1523.00 and 1530.00 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.