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