Technical Analysis For Gold Today 12-07-2019 10:00:03
In 1 hour chart Gold price continues to trade at 34775 and above the (Exponential Moving Average)EMA200 value of 34307.9 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 34307.9 is proving a tough nut to crack.
Pivot (invalidation): 34835.7
Our preference: Long positions above 34996.3
Alternative scenario: Below 34550.3 look for further downside.
Support Resistance Levels For Gold Today at 12-07-2019 10:00:03
Pivot: 34835.7
Resistance 1: 34996.3
Resistance 2: 35281.7
Resistance 3: 35442.3
Support 1: 34550.3
Support 2: 34389.7
Support 3: 34104.3
Yesterday High Low Close For Gold
Yesterday High: 35121
Yesterday Low: 34675
Yesterday Close: 34711
Today at 12-07-2019 10:00:03 Gold trading at 34775 with high of 34785 and low of 34742
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