Gold Technical Analysis April 4, 2019
The Gold declined 0.19% against the USD on Wednesday and closed at 1289.60 Today in the European session while Gold technical analysis April 4, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1291.00, which is 0.10% higher from Yesterday’s close.
The Gold is expected to find support at 1287.00, and a fall through could take it to the next support level of 1784.50. The pair is expected to find its first resistance at 1293.00, and a rise through could take it to the next resistance level of 1297.00. For today the expected trading range is betwee 1281.00, Support and 1300.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1287.00 Support 2: 1284:50 Support 3: 1281:00
Resistance Levels: Resistance 1: 1293.00 Resistance 2: 1297.00 Resistance 3: 1300.00
Gold Buying Opportunity for Intraday Trading April 4, 2019
Buy near the support area 1287.00 and 1284.50 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 4, 2019
Sell near the resistance area 1293.00 and 1297.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.