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Gold Technical Analysis 21 July 2020

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Gold Technical Analysis 21 July 2020

Gold Technical Analysis: The Gold rose 0.51% against the USD on Monday and closed at 1817.00. Today in the Asian session, while Gold technical Analysis 21 July 2020 is preparing at 5:45 GMT, the XAU/USD trading at 1825.00, which is 0.45% higher from Yesterday’s close.

The Gold is expected to find support at 1814.00, and a fall through could take it to the next support level of 1808.00. The pair is expected to find its first resistance at 1830.00, and a rise through could take it to the next resistance level of 1838.00. Today’s expected trading range is between 1794.00, support and 1850.00 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1814.00
Support 2: 1808:00
Support 3: 1794:00

Important resistance levels:

Resistance 1: 1830.00
Resistance 2: 1838.00
Resistance 3: 1850.00

Gold buying opportunity for intraday trading on July 21, 2020

Buy near the support zones 1814.00 and 1808.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.

Gold selling opportunity for intraday trading on July 21, 2020

Sell near the resistance zones 1830.00 and 1838.00 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.

Crude Oil Technical Analysis 21 July 2020

4 Comments
  1. Hafiz Talha Ahmad says

    sir i want the theme that you are using and help me to creat the website like this i will be thankfull to you

    1. Easy Trading Tips says

      I am using Publisher theme

  2. Arvind Verma says

    Sir how and where i can see the market watch list, which you showing in your last video. where I can found a setting for the market watch, so we can access all currency pairs.

    1. Easy Trading Tips says

      To see the marker watch list you should open this site on laptop/Computer, thank you

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