Gold Technical Analysis April 22, 2019
Gold Technical Analysis: The Gold rose 0.10% against the USD on Friday and closed at 1275.40 Today in the European session while Gold technical analysis April 22, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1278.00, which is 0.20% higher from Yesterday’s close.
The Gold is expected to find support at 1272.00, and a fall through could take it to the next support level of 1268.00. The pair is expected to find its first resistance at 1281.00, and a rise through could take it to the next resistance level of 1285.00. For today the expected trading range is betwee 1268.00, Support and 1285.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1272.00 Support 2: 1268:00 Support 3: 1265:00
Resistance Levels: Resistance 1: 1278.00 Resistance 2: 1281.00 Resistance 3: 1285.00
Gold Buying Opportunity for Intraday Trading April 22, 2019
Buy near the support area 1272.00 and 1268.00 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 22, 2019
Sell near the resistance area 1281.00 and 1285.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.