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Gold Technical Analysis February 8, 2019

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Gold Technical Analysis February 8, 2019

The Gold rose 0.27% against the USD on Thursday and closed at 1309.90 Today in the European session while Gold technical analysis February 8, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1309.00, which is 0.06% lower from Yesterday’s close.

The Gold is expected to find support at 1304.00, and a fall through could take it to the next support level of 1299.00. The pair is expected to find its first resistance at 1314.00, and a rise through could take it to the next resistance level of 1317.50. For today the expected trading range is betwee 1295.00, Support and 1323.00 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1304.00 Support 2: 1299:00 Support 3: 1295:00
Resistance Levels: Resistance 1: 1314.00 Resistance 2: 1317.50 Resistance 3: 1323.00

Gold Buying Opportunity for Intraday Trading February 8, 2019

Buy near the support area 1304.00 and 1299.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.

Gold Selling Opportunity for Intraday Trading February 8, 2019

Sell near the resistance area 1314.00 and 1317.50 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

Crude Oil Technical Analysis February 8, 2019

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