Gold Trend Today Technical Analysis for 11-10-2019 22:00:04


In 1 hour chart Gold price continues to trade at 37833 and below the (Exponential Moving Average)EMA200 value of 38019.1 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Gold continues to trade below level, that could be an extraordinarily Bearish sign for Gold

Even so, the 200-candle Exponential moving average (EMA) price range of 38019.1 is proving a tough nut to crack.

Pivot (invalidation): 38259.3

Our preference: Long positions above 38438.7

Alternative scenario: Below 37975.7 look for further downside.

Support Resistance Levels For Gold Today at 11-10-2019 22:00:04

Pivot: 38259.3

Resistance 1: 38438.7

Resistance 2: 38722.3

Resistance 3: 38901.7

Support 1: 37975.7

Support 2: 37796.3

Support 3: 37512.7

Yesterday High Low Close For Gold

Yesterday High: 38543

Yesterday Low: 38080

Yesterday Close: 38155

Today at 11-10-2019 22:00:04 Gold trading at 37833 with high of 38308 and low of 37691

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