Technical Analysis For Gold Today 15-07-2019 11:00:03

by wealthmann

July 15, 2019

103

In 1 hour chart Gold price continues to trade at 34849 and above the (Exponential Moving Average)EMA200 value of 34383.2 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy 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 34383.2 is proving a tough nut to crack.

Pivot (invalidation): 34867.3

Our preference: Long positions above 35026.7

Alternative scenario: Below 34784.7 look for further downside.

Support Resistance Levels For Gold Today at 15-07-2019 11:00:03

Pivot: 34867.3

Resistance 1: 35026.7

Resistance 2: 35109.3

Resistance 3: 35268.7

Support 1: 34784.7

Support 2: 34625.3

Support 3: 34542.7

Yesterday High Low Close For Gold

Yesterday High: 34950

Yesterday Low: 34708

Yesterday Close: 34944

Today at 15-07-2019 11:00:03 Gold trading at 34849 with high of 34897 and low of 34809