Gold Technical Analysis April 17, 2019
Gold Technical Analysis: The Gold declined 0.86% against the USD on Tuesday and closed at 1276.63 Today in the European session while Gold technical analysis April 17, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1275.00, which is 0.12% lower from Yesterday’s close.
The Gold is expected to find support at 1270.00, and a fall through could take it to the next support level of 1263.50. The pair is expected to find its first resistance at 1286.00, and a rise through could take it to the next resistance level of 1295.00. For today the expected trading range is betwee 1263.50, Support and 1286.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1270.00 Support 2: 1263:50 Support 3: 1254:00
Resistance Levels: Resistance 1: 1286.00 Resistance 2: 1295.00 Resistance 3: 1301.00
Gold Buying Opportunity for Intraday Trading April 17, 2019
Buy near the support area 1270.00 and 1263.50 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 17, 2019
Sell near the resistance area 1286.00 and 1295.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.