Gold Technical Analysis March 25, 2019
The Gold rose 0.29% against the USD on Friday and closed at 1313.20 Today in the European session while Gold technical analysis March 25, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1317.00, which is 0.28% higher from Yesterday’s close.
The Gold is expected to find support at 1308.00, and a fall through could take it to the next support level of 1303.00. The pair is expected to find its first resistance at 1316.00, and a rise through could take it to the next resistance level of 1320.00. For today the expected trading range is betwee 1301.00, Support and 1328.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1308.00 Support 2: 1303:00 Support 3: 1300:00
Resistance Levels: Resistance 1: 1316.00 Resistance 2: 1320.00 Resistance 3: 1325.00
Gold Buying Opportunity for Intraday Trading March 25, 2019
Buy near the support area 1308.00 and 1303.00 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 March 25, 2019
Sell near the resistance area 1316.00 and 1320.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.