Gold Technical Analysis Sep 24, 2019
Gold Technical Analysis: The Gold rose 0.62% against the USD on Monday and closed at 1522.00. Today in the European session while Gold technical Analysis Sep 24, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1520.00, which is 0.13% lower from Yesterday’s close.
The Gold is expected to find support at 1513.00, and a fall through could take it to the next support level of 1505.00. The pair is expected to find its first resistance at 1529.00, and a rise through could take it to the next resistance level of 1535.00. For today the expected trading range is betwee 1505.00, Support and 1535.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1513.00, Support 2: 1505:00, Support 3: 1498:00
Resistance Levels: Resistance 1: 1529.00, Resistance 2: 1535.00, Resistance 3: 1544.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1513.00 and 1505.00 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 1529.00 and 1535.00 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.