Gold Technical Analysis Sep 11, 2019
Gold Technical Analysis: The Gold declined 0.84% against the USD on Tuesday and closed at 1485.60. Today in the European session while Gold technical Analysis Sep 11, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1492.00, which is 0.29% higher from Yesterday’s close.
The Gold is expected to find support at 1480.00, and a fall through could take it to the next support level of 1474.00. The pair is expected to find its first resistance at 1496.00, and a rise through could take it to the next resistance level of 1507.00. For today the expected trading range is betwee 1474.00, Support and 1507.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1480.00, Support 2: 1474:00, Support 3: 1463:00
Resistance Levels: Resistance 1: 1496.00, Resistance 2: 1507.00, Resistance 3: 1513.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1480.00 and 1474.00 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 Aug 16, 2019
Sell near the resistance area 1562.00 and 1571.00 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.