Gold Technical Analysis Sep 26, 2019
Gold Technical Analysis: The Gold declined 1.93% against the USD on Wednesday and closed at 1503.50. Today in the European session while Gold technical Analysis Sep 26, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1507.00, which is 0.23% higher from Yesterday’s close.
The Gold is expected to find support at 1491.00, and a fall through could take it to the next support level of 1478.00. The pair is expected to find its first resistance at 1526.00, and a rise through could take it to the next resistance level of 1547.00. For today the expected trading range is betwee 1491.00, Support and 1526.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1491.00, Support 2: 1478:00, Support 3: 1456:00
Resistance Levels: Resistance 1: 1526.00, Resistance 2: 1547.00, Resistance 3: 1560.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1491.00 and 1478.00 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 1526.00 and 1547.00 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.