Gold Technical Analysis January 30, 2019
The Gold rose 0.67% against the USD on Tuesday and closed at 1311.58 Today in the European session while Gold technical analysis January 30, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1313.50, which is 0.14% higher from Yesterday’s close.
The Gold is expected to find support at 1305.00, 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 1315.00, and a rise through could take it to the next resistance level of 1318.00. For today the expected trading range is betwee 1299.00, Support and 1324.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1305.00 Support 2: 1299:00 Support 3: 1296:00
Resistance Levels: Resistance 1: 1315.00 Resistance 2: 1318.00 Resistance 3: 1313.24
Gold Buying Opportunity for Intraday Trading January 30, 2019
Buy near the support area 1305.00 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 January 30, 2019
Sell near the resistance area 1315.00 and 1318.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.