Gold Technical Analysis 30 April 2021
Gold Technical Analysis: The Gold declined 0.54% against the USD on Thursday and closed at 1772.20. Today in the Asian session, while Gold technical Analysis 28 December 2020 is preparing at 5:15 GMT, the XAU/USD trading at 1772.00, which is 0.01% 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 1758.00. The pair is expected to find its first resistance at 1773.00, and a rise through could take it to the next resistance level of 1790.00. Today’s expected trading range is between 1758.00, support and 1798.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1762.00
Support 2: 1758:00
Support 3: 1733:00
Important resistance levels:
Resistance 1: 1773.00
Resistance 2: 1790.00
Resistance 3: 1798.00
Gold buying opportunity for intraday trading on April 30, 2021
Buy near the support zones 1762.00 and 1758.00 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 April 30, 2021
Sell near the resistance zones 1773.00 and 1790.00 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.