Technical Analysis For Gold Today 24-05-2019 14:00:03

In 1 hour chart Gold price continues to trade at 31596 and below the (Exponential Moving Average)EMA200 value of 31730.8 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Gold continues to trade below level, that could be an extraordinarily Bearish sign for Gold

Even so, the 200-candle Exponential moving average (EMA) price range of 31730.8 is proving a tough nut to crack.

Pivot (invalidation): 31544

Our preference: Long positions above 31852

Alternative scenario: Below 31353 look for further downside.

Support Resistance Levels For Gold Today at 24-05-2019 14:00:03

Pivot: 31544

Resistance 1: 31852

Resistance 2: 32043

Resistance 3: 32351

Support 1: 31353

Support 2: 31045

Support 3: 30854

Yesterday High Low Close For Gold

Yesterday High: 31735

Yesterday Low: 31236

Yesterday Close: 31661

Today at 24-05-2019 14:00:03 Gold trading at 31596 with high of 31680 and low of 31581

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