Technical Analysis For Gold Today 16-07-2019 19:00:04

In 1 hour chart Gold price continues to trade at 34875 and above the (Exponential Moving Average)EMA200 value of 34488.3 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 34488.3 is proving a tough nut to crack.

Pivot (invalidation): 34870.7

Our preference: Long positions above 34973.3

Alternative scenario: Below 34773.3 look for further downside.

Support Resistance Levels For Gold Today at 16-07-2019 19:00:04

Pivot: 34870.7

Resistance 1: 34973.3

Resistance 2: 35070.7

Resistance 3: 35173.3

Support 1: 34773.3

Support 2: 34670.7

Support 3: 34573.3

Yesterday High Low Close For Gold

Yesterday High: 34968

Yesterday Low: 34768

Yesterday Close: 34876

Today at 16-07-2019 19:00:04 Gold trading at 34875 with high of 34946 and low of 34807

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