Gold Technical Analysis April 12, 2019
Gold Technical Analysis: The Gold declined 1.19% against the USD on Thursday and closed at 1292.20 Today in the European session while Gold technical analysis April 12, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1293.50, which is 0.10% higher from Yesterday’s close.
The Gold is expected to find support at 1285.00, and a fall through could take it to the next support level of 1277.00. The pair is expected to find its first resistance at 1304.00, and a rise through could take it to the next resistance level of 1316.00. For today the expected trading range is betwee 1277.00, Support and 1304.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1285.00 Support 2: 1277:00 Support 3: 1265:00
Resistance Levels: Resistance 1: 1304.00 Resistance 2: 1316.00 Resistance 3: 1324.00
Gold Buying Opportunity for Intraday Trading April 12, 2019
Buy near the support area 1285.00 and 1277.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
Gold Selling Opportunity for Intraday Trading April 12, 2019
Sell near the resistance area 1304.00 and 1316.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.