Gold Technical Analysis March 27, 2019
The Gold declined 0.50% against the USD on Tuesday and closed at 1315.00 Today in the European session while Gold technical analysis March 27, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1317.00, which is 0.15% lower from Yesterday’s close.
The Gold is expected to find support at 1310.50, and a fall through could take it to the next support level of 1306.50. The pair is expected to find its first resistance at 1321.00, and a rise through could take it to the next resistance level of 1327.50. For today the expected trading range is betwee 1310.50, Support and 1327.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1310.50 Support 2: 1306:50 Support 3: 1300:00
Resistance Levels: Resistance 1: 1321.00 Resistance 2: 1327.50 Resistance 3: 1332.00
Gold Buying Opportunity for Intraday Trading March 27, 2019
Buy near the support area 1310.50 and 1306.50 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 27, 2019
Sell near the resistance area 1321.00 and 1327.50 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.