Gold Technical Analysis July 31, 2019
Gold Technical Analysis: The Gold rose 0.34% against the USD on Tuesday and closed at 1430.50. Today in the European session while Gold technical Analysis July 31, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1430.00, which is 0.03% lower from Yesterday’s close.
The Gold is expected to find support at 1424.00, and a fall through could take it to the next support level of 1418.00. The pair is expected to find its first resistance at 1435.00, and a rise through could take it to the next resistance level of 1440.00. For today the expected trading range is betwee 1418.00, Support and 1446.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1424.00, Support 2: 1418:00, Support 3: 1413:00
Resistance Levels: Resistance 1: 1435.00, Resistance 2: 1440.00, Resistance 3: 1446.00
Gold Buying Opportunity for Intraday Trading July 31, 2019
Buy near the support area 1424.00 and 1418.00 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 31, 2019
Sell near the resistance area 1435.00 and 1440.00 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.