Gold Technical Analysis July 11, 2019
Gold Technical Analysis: The Gold rose 1.51% against the USD on Wednesday and closed at 1417.80. Today in the European session while Gold technical Analysis July 11, 2019 is preparing at 6:45 GMT, the XAU/USD trading at 1422.00, which is 0.29% higher from Yesterday’s close.
The Gold is expected to find support at 1408.00, and a fall through could take it to the next support level of 1399.00. The pair is expected to find its first resistance at 1427.00, and a rise through could take it to the next resistance level of 1437.00. For today the expected trading range is betwee 1400.00, Support and 1437.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1399.00, Support 2: 1380:00, Support 3: 1370:00
Resistance Levels: Resistance 1: 1427.00, Resistance 2: 1437.00, Resistance 3: 1456.00
Gold Buying Opportunity for Intraday Trading July 11, 2019
Buy near the support area 1408.00 and 1399.00 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 11, 2019
Sell near the resistance area 1427.00 and 1437.00 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.