Gold Technical Analysis 10 March 2021
Gold Technical Analysis: The Gold rose 1.81% against the USD on Tuesday and closed at 1715.60. Today in the Asian session, while Gold technical Analysis 28 December 2020 is preparing at 5:15 GMT, the XAU/USD trading at 1715.00, which is 0.03% lower from Yesterday’s close.
The Gold is expected to find support at 1705.00, and a fall through could take it to the next support level of 1690.00. The pair is expected to find its first resistance at 1720.00, and a rise through could take it to the next resistance level of 1730.00. Today’s expected trading range is between 1677.00, support and 1740.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1705.00
Support 2: 1670:00
Support 3: 1677:00
Important resistance levels:
Resistance 1: 1720.00
Resistance 2: 1730.00
Resistance 3: 1740.00
Gold buying opportunity for intraday trading on March 10, 2021
Buy near the support zones 1705.00 and 1690.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
Gold selling opportunity for intraday trading on March 10, 2021
Sell near the resistance zones 1720.00 and 1730.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.