Gold Technical Analysis January 21, 2019
The Gold declined 0.82% against the USD on Friday and closed at 1281.10. Today in the European session while Gold technical analysis January 21, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1278.00, which is 0.24% lower from Yesterday’s close.
The Gold is expected to find support at 1277.00, and a fall through could take it to the next support level of 1273.00. The pair is expected to find its first resistance at 1289.00, and a rise through could take it to the next resistance level of 1297.00. For today the expected trading range is betwee 1265.00, Support and 1289.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1277.00 Support 2: 1272:00 Support 3: 1265:00
Resistance Levels: Resistance 1: 1289.00 Resistance 2: 1297.00 Resistance 3: 1301.00
Gold Buying Opportunity for Intraday Trading January 21, 2019
Buy near the support area 1277.00 and 1273.00 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 January 21, 2019
Sell near the resistance area 1289.00 and 1297.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.