Gold Technical Analysis 3 July 2020
Gold Technical Analysis: The Gold rose 0.20% against the USD on Thursday and closed at 1775.00. Today in the European session while Gold technical Analysis 3 July 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1774.00, which is 0.05% lower from Yesterday’s close.
The Gold is expected to find support at 1762.00, and a fall through could take it to the next support level of 1749.00. The pair is expected to find its first resistance at 1784.00, and a rise through could take it to the next resistance level of 1792.00. For today the expected trading range is betwee 1761.00, Support and 1792.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1762.00, Support 2: 1749:00, Support 3: 1740:00
Resistance Levels: Resistance 1: 1784.00, Resistance 2: 1792.00, Resistance 3: 1806.00
Gold Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 1762.00 and 1749.00 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 1784.00 and 1792.00 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.