Gold Technical Analysis 9 July 2020
Gold Technical Analysis: The Gold rose 0.74% against the USD on Wednesday and closed at 1808.00. Today in the European session while Gold technical Analysis 9 July 2020 is preparing at 7:15 GMT, the XAU/USD trading at 1809.00, which is 0.07% higher from Yesterday’s close.
The Gold is expected to find support at 1794.00, and a fall through could take it to the next support level of 1779.00. The pair is expected to find its first resistance at 1820.00, and a rise through could take it to the next resistance level of 1832.00. For today the expected trading range is betwee 1794.00, Support and 1732.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1794.00, Support 2: 1779:00, Support 3: 1767:00
Resistance Levels: Resistance 1: 1820.00, Resistance 2: 1832.00, Resistance 3: 1847.00
Gold Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 1794.00 and 1779.00 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 1820.00 and 1832.00 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.