Gold Technical Analysis 28 September 2020
Gold Technical Analysis: The Gold declined 0.46% against the USD on Friday and closed at 1860.00. Today in the Asian session, while Gold technical Analysis 28 September 2020 is preparing at 5:15 GMT, the XAU/USD trading at 1954.50, which is 0.37% lower from Yesterday’s close.
The Gold is expected to find support at 1848.00, and a fall through could take it to the next support level of 1839.00. The pair is expected to find its first resistance at 1874.00, and a rise through could take it to the next resistance level of 1885.00. Today’s expected trading range is between 1827.00, support and 1895.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1848.00
Support 2: 1839:00
Support 3: 1827:00
Important resistance levels:
Resistance 1: 1874.00
Resistance 2: 1885.00
Resistance 3: 1895.00
Gold buying opportunity for intraday trading on September 28, 2020
Buy near the support zones 1848.00 and 1839.00 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 September 28, 2020
Sell near the resistance zones 1874.00 and 1885.00 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.