Gold Technical Analysis July 10, 2019
Gold Technical Analysis: The Gold rose 0.16% against the USD on Tuesday and closed at 1397.37. Today in the European session while Gold technical Analysis July 10, 2019 is preparing at 6:45 GMT, the XAU/USD trading at 1393.00, which is 0.31% lower from Yesterday’s close.
The Gold is expected to find support at 1388.50, and a fall through could take it to the next support level of 1380.00. The pair is expected to find its first resistance at 1403.00, and a rise through could take it to the next resistance level of 1408.50. For today the expected trading range is betwee 1380.00, Support and 1408.50 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1388.50, Support 2: 1380:00, Support 3: 1374:00
Resistance Levels: Resistance 1: 1403.00, Resistance 2: 1408.50, Resistance 3: 1417.00
Gold Buying Opportunity for Intraday Trading July 10, 2019
Buy near the support area 1388.50 and 1380.00 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 July 10, 2019
Sell near the resistance area 1403.00 and 1408.50 as soon as you get reversal candlesticks patterns using stop loss 2 pips above thehigh of reversal candlestick & keep target equal to stop loss.