Gold Technical Analysis 13 April 2020
Gold Technical Analysis: The Gold rose 2.29% against the USD on Thursday and closed at 1684.00. Today in the Asian session while Gold technical Analysis 13 April 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1691.00, which is 0.41% higher from Yesterday’s close.
The Gold is expected to find support at 1655.00, and a fall through could take it to the next support level of 1626.00. The pair is expected to find its first resistance at 1701.00, and a rise through could take it to the next resistance level of 1719.00. For today the expected trading range is betwee 1672.00, Support and 1701.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1655.00, Support 2: 1626:00, Support 3: 1608:00
Resistance Levels: Resistance 1: 1701.00, Resistance 2: 1719.00, Resistance 3: 1748.00
Gold Buying Opportunity for Intraday Trading 13 April 2020
Buy near the support area 1655.00 and 1626.00 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
Gold Selling Opportunity for Intraday Trading 13 April 2020
Sell near the resistance area 1701.00 and 1719.00 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.