Technical Analysis For Gold Today 29-08-2019 23:00:04


In 1 hour chart Gold price continues to trade at 38829 and above the (Exponential Moving Average)EMA200 value of 38197.8 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 38197.8 is proving a tough nut to crack.

Pivot (invalidation): 39111.3

Our preference: Long positions above 39360.7

Alternative scenario: Below 38932.7 look for further downside.

Support Resistance Levels For Gold Today at 29-08-2019 23:00:04

Pivot: 39111.3

Resistance 1: 39360.7

Resistance 2: 39539.3

Resistance 3: 39788.7

Support 1: 38932.7

Support 2: 38683.3

Support 3: 38504.7

Yesterday High Low Close For Gold

Yesterday High: 39290

Yesterday Low: 38862

Yesterday Close: 39182

Today at 29-08-2019 23:00:04 Gold trading at 38829 with high of 39417 and low of 38678

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