Gold Trend Today Technical Analysis for 05-11-2019 21:00:05


In 1 hour chart Gold price continues to trade at 38020 and below the (Exponential Moving Average)EMA200 value of 38192.5 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 38192.5 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 21:00:05

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 21:00:05 Gold trading at 38020 with high of 38391 and low of 38003

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