Technical Analysis For Gold Today 12-07-2019 13:00:03

In 1 hour chart Gold price continues to trade at 34846 and above the (Exponential Moving Average)EMA200 value of 34322.2 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 34322.2 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 13:00:03

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 13:00:03 Gold trading at 34846 with high of 34862 and low of 34708

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