Gold Trend Today Technical Analysis for 08-11-2019 23:00:05

wp-header-logo-1079.png

In 1 hour chart Gold price continues to trade at 37650 and below the (Exponential Moving Average)EMA200 value of 38084.8 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 38084.8 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 23:00:05

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 23:00:05 Gold trading at 37650 with high of 37869 and low of 37477

Leave a Reply

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