Technical Analysis For Gold Today 30-08-2019 16:00:04


In 1 hour chart Gold price continues to trade at 38716 and above the (Exponential Moving Average)EMA200 value of 38241.9 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 38241.9 is proving a tough nut to crack.

Pivot (invalidation): 38960.7

Our preference: Long positions above 39243.3

Alternative scenario: Below 38504.3 look for further downside.

Support Resistance Levels For Gold Today at 30-08-2019 16:00:04

Pivot: 38960.7

Resistance 1: 39243.3

Resistance 2: 39699.7

Resistance 3: 39982.3

Support 1: 38504.3

Support 2: 38221.7

Support 3: 37765.3

Yesterday High Low Close For Gold

Yesterday High: 39417

Yesterday Low: 38678

Yesterday Close: 38787

Today at 30-08-2019 16:00:04 Gold trading at 38716 with high of 38948 and low of 38615

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