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Gold Technical Analysis November 8, 2018

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Gold Technical Analysis November 8, 2018

The Gold declined 0.07% against the USD on Wednesday and closed at 1226.31. Today in the European session while Gold technical analysis November 8, 2018 is preparing at 8:45 GMT, the XAU/USD trading at 1222.00, which is 0.35% lower from Yesterday’s close.

The Gold is expected to find support at 1220.50, and a fall through could take it to the next support level of 1215.00. The pair is expected to find its first resistance at 1234.00, and a rise through could take it to the next resistance level of 1242.00. For today the expected trading range is betwee 1216.00, Support and 1241.00 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 1220.50 Support 2: 1215:00 Support 3: 1207:00
Resistance Levels: Resistance 1: 1234.00 Resistance 2: 1242.00 Resistance 3: 1247.50

Gold Buying Opportunity for Intraday Trading November 8, 2018

Buy near the support area 1220.50 and 1215.00 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 November 8, 2018

Sell near the resistance area 1234.00 and 1242.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

Crude Oil Technical Analysis November 8, 2018

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