Technical Analysis For Gold Today 17-07-2019 19:00:04

by wealthmann

July 17, 2019

102

In 1 hour chart Gold price continues to trade at 34864 and above the (Exponential Moving Average)EMA200 value of 34528.1 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 34528.1 is proving a tough nut to crack.

Pivot (invalidation): 34819.3

Our preference: Long positions above 34928.7

Alternative scenario: Below 34692.7 look for further downside.

Support Resistance Levels For Gold Today at 17-07-2019 19:00:04

Pivot: 34819.3

Resistance 1: 34928.7

Resistance 2: 35055.3

Resistance 3: 35164.7

Support 1: 34692.7

Support 2: 34583.3

Support 3: 34456.7

Yesterday High Low Close For Gold

Yesterday High: 34946

Yesterday Low: 34710

Yesterday Close: 34802

Today at 17-07-2019 19:00:04 Gold trading at 34864 with high of 34880 and low of 34682