Technical Analysis For Gold Today 11-07-2019 20:00:04
by wealthmann
July 11, 2019
97
In 1 hour chart Gold price continues to trade at 34890 and above the (Exponential Moving Average)EMA200 value of 34284.3 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Buy overview conditioned by the price stability above
However, if Gold continues to trade above level, that could be an extraordinarily Bullish sign for Gold
Even so, the 200-candle Exponential moving average (EMA) price range of 34284.3 is proving a tough nut to crack.
Pivot (invalidation): 34704