Gold Trend Today Technical Analysis for 05-11-2019 16:00:05

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In 1 hour chart Gold price continues to trade at 38326 and above the (Exponential Moving Average)EMA200 value of 38192.2 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 38192.2 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 16:00:05

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 16:00:05 Gold trading at 38326 with high of 38391 and low of 38292

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