Gold Technical Analysis 19 June 2020
Gold Technical Analysis: The Gold declined 0.19% against the USD on Thursday and closed at 1722.00. Today in the European session while Gold technical Analysis 19 June 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1733.00, which is 0.62% higher from Yesterday’s close.
The Gold is expected to find support at 1715.00, and a fall through could take it to the next support level of 1705.00. The pair is expected to find its first resistance at 1735.00, and a rise through could take it to the next resistance level of 1746.00. For today the expected trading range is betwee 1705.00, Support and 1746.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1714.00, Support 2: 1705:00, Support 3: 1694:00
Resistance Levels: Resistance 1: 1735.00, Resistance 2: 1746.00, Resistance 3: 1755.00
Gold Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 1714.00 and 1705.00 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 18 June 2020
Sell near the resistance area 1725.00 and 1746.00 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.