Gold Trend Today Technical Analysis for 06-11-2019 11:00:03


In 1 hour chart Gold price continues to trade at 38005 and below the (Exponential Moving Average)EMA200 value of 38180.4 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 38180.4 is proving a tough nut to crack.

Pivot (invalidation): 38034.7

Our preference: Long positions above 38218.3

Alternative scenario: Below 37678.3 look for further downside.

Support Resistance Levels For Gold Today at 06-11-2019 11:00:03

Pivot: 38034.7

Resistance 1: 38218.3

Resistance 2: 38574.7

Resistance 3: 38758.3

Support 1: 37678.3

Support 2: 37494.7

Support 3: 37138.3

Yesterday High Low Close For Gold

Yesterday High: 38391

Yesterday Low: 37851

Yesterday Close: 37862

Today at 06-11-2019 11:00:03 Gold trading at 38005 with high of 38009 and low of 37906

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