Gold Trend Today Technical Analysis for 08-11-2019 21:00:04


In 1 hour chart Gold price continues to trade at 37750 and below the (Exponential Moving Average)EMA200 value of 38092 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy 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 38092 is proving a tough nut to crack.

Pivot (invalidation): 37779.7

Our preference: Long positions above 38037.3

Alternative scenario: Below 37314.3 look for further downside.

Support Resistance Levels For Gold Today at 08-11-2019 21:00:04

Pivot: 37779.7

Resistance 1: 38037.3

Resistance 2: 38502.7

Resistance 3: 38760.3

Support 1: 37314.3

Support 2: 37056.7

Support 3: 36591.3

Yesterday High Low Close For Gold

Yesterday High: 38245

Yesterday Low: 37522

Yesterday Close: 37572

Today at 08-11-2019 21:00:04 Gold trading at 37750 with high of 37869 and low of 37477

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