Gold Technical Analysis March 29, 2019
The Gold declined 1.62% against the USD on Thursday and closed at 1288.40 Today in the European session while Gold technical analysis March 29, 2019 is preparing at 9:45 GMT, the XAU/USD trading at 1291.00, which is 0.20% higher from Yesterday’s close.
The Gold is expected to find support at 1281.00, and a fall through could take it to the next support level of 1273.00. The pair is expected to find its first resistance at 1305.00, and a rise through could take it to the next resistance level of 1320.00. For today the expected trading range is betwee 1281.00, Support and 1305.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1281.00 Support 2: 1273:00 Support 3: 1258:00
Resistance Levels: Resistance 1: 1305.00 Resistance 2: 1320.00 Resistance 3: 1327.00
Gold Buying Opportunity for Intraday Trading March 29, 2019
Buy near the support area 1281.00 and 1273.00 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 29, 2019
Sell near the resistance area 1305.50 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.