Gold Technical Analysis July 3, 2019
Gold Technical Analysis: The Gold rose 2.41% against the USD on Tuesday and closed at 1417.83 Today in the European session while Gold technical Analysis July 3, 2019 is preparing at 6:45 GMT, the XAU/USD trading at 1425.00, which is 0.50% higher from Yesterday’s close.
The Gold is expected to find support at 1394.00, and a fall through could take it to the next support level of 1370.00. The pair is expected to find its first resistance at 1331.00, and a rise through could take it to the next resistance level of 1445.00. For today the expected trading range is betwee 1400.00, Support and 1445.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1394.00 Support 2: 1370:00 Support 3: 1357:00
Resistance Levels: Resistance 1: 1431.00 Resistance 2: 1445.00 Resistance 3: 1468.00
Gold Buying Opportunity for Intraday Trading July 3, 2019
Buy near the support area 1394.00 and 1370.00 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 July 3, 2019
Sell near the resistance area 1331.00 and 1445.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.