Technical Analysis For Gold Today 16-07-2019 17:00:04
by wealthmann
July 16, 2019
0
In 1 hour chart Gold price continues to trade at 34923 and above the (Exponential Moving Average)EMA200 value of 34480 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 34480 is proving a tough nut to crack.
Pivot (invalidation): 34870.7