Gold Technical Analysis January 29, 2019
The Gold rose 0.17% against the USD on Monday and closed at 1304.24 Today in the European session while Gold technical analysis January 29, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1304.50, which is 0.01% higher from Yesterday’s close.
The Gold is expected to find support at 1299.00, and a fall through could take it to the next support level of 1295.00. The pair is expected to find its first resistance at 1306.00, and a rise through could take it to the next resistance level of 1308.50. For today the expected trading range is betwee 1292.00, Support and 1312.50 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1299.00 Support 2: 1295:00 Support 3: 1292:00
Resistance Levels: Resistance 1: 1306.00 Resistance 2: 1308.50 Resistance 3: 1312.50
Gold Buying Opportunity for Intraday Trading January 29, 2019
Buy near the support area 1299.00 and 1295.00 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 29, 2019
Sell near the resistance area 1306.00 and 1308.50 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.