Gold Trend Today Technical Analysis for 05-11-2019 11:00:04


In 1 hour chart Gold price continues to trade at 38365 and above the (Exponential Moving Average)EMA200 value of 38185.1 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 38185.1 is proving a tough nut to crack.

Pivot (invalidation): 38435.3

Our preference: Long positions above 38539.7

Alternative scenario: Below 38360.7 look for further downside.

Support Resistance Levels For Gold Today at 05-11-2019 11:00:04

Pivot: 38435.3

Resistance 1: 38539.7

Resistance 2: 38614.3

Resistance 3: 38718.7

Support 1: 38360.7

Support 2: 38256.3

Support 3: 38181.7

Yesterday High Low Close For Gold

Yesterday High: 38510

Yesterday Low: 38331

Yesterday Close: 38465

Today at 05-11-2019 11:00:04 Gold trading at 38365 with high of 38391 and low of 38350

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.