Gold Technical Analysis March 26, 2019
The Gold rose 0.63% against the USD on Monday and closed at 1321.95 Today in the European session while Gold technical analysis March 26, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1316.00, which is 0.45% lower from Yesterday’s close.
The Gold is expected to find support at 1313.50, and a fall through could take it to the next support level of 1305.50. The pair is expected to find its first resistance at 1327.00, and a rise through could take it to the next resistance level of 1332.50. For today the expected trading range is betwee 1305.50, Support and 1327.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1313.50 Support 2: 1305:50 Support 3: 1300:00
Resistance Levels: Resistance 1: 1327.00 Resistance 2: 1332.50 Resistance 3: 1341.00
Gold Buying Opportunity for Intraday Trading March 26, 2019
Buy near the support area 1313.50 and 1305.50 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 March 26, 2019
Sell near the resistance area 1327.00 and 1323.50 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.