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Gold Technical Analysis January 31, 2019

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Gold Technical Analysis January 31, 2019

The Gold rose 0.60% against the USD on Wednesday and closed at 1319.50 Today in the European session while Gold technical analysis January 31, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1321.00, which is 0.11% higher from Yesterday’s close.

The Gold is expected to find support at 1311.00, and a fall through could take it to the next support level of 1303.00. The pair is expected to find its first resistance at 1325.50, and a rise through could take it to the next resistance level of 1331.50. For today the expected trading range is betwee 1311.00, Support and 1331.50 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1311.00 Support 2: 1303:00 Support 3: 1297:00
Resistance Levels: Resistance 1: 1325.00 Resistance 2: 1331.50 Resistance 3: 1340.00

Gold Buying Opportunity for Intraday Trading January 31, 2019

Buy near the support area 1311.00 and 1203.00 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 31, 2019

Sell near the resistance area 1325.50 and 1331.50 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 January 31, 2019

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