Gold Technical Analysis Sep 25, 2019
Gold Technical Analysis: The Gold rose 0.52% against the USD on Tuesday and closed at 1531.00. Today in the European session while Gold technical Analysis Sep 25, 2019 is preparing at 7:45 GMT, the XAU/USD trading at 1527.00, which is 0.26% lower from Yesterday’s close.
The Gold is expected to find support at 1519.00, and a fall through could take it to the next support level of 1507.00. The pair is expected to find its first resistance at 1539.00, and a rise through could take it to the next resistance level of 1547.00. For today the expected trading range is betwee 1519.00, Support and 1547.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 1519.00, Support 2: 1507:00, Support 3: 1499:00
Resistance Levels: Resistance 1: 1539.00, Resistance 2: 1547.00, Resistance 3: 1560.00
Gold Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 1519.00 and 1507.00 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 1539.00 and 1547.00 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.