Gold Trend Today Technical Analysis for 12-11-2019 21:00:05


In 1 hour chart Gold price continues to trade at 37618 and below the (Exponential Moving Average)EMA200 value of 38034 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 38034 is proving a tough nut to crack.

Pivot (invalidation): 37714

Our preference: Long positions above 37797

Alternative scenario: Below 37588 look for further downside.

Support Resistance Levels For Gold Today at 12-11-2019 21:00:05

Pivot: 37714

Resistance 1: 37797

Resistance 2: 37923

Resistance 3: 38006

Support 1: 37588

Support 2: 37505

Support 3: 37379

Yesterday High Low Close For Gold

Yesterday High: 37840

Yesterday Low: 37631

Yesterday Close: 37671

Today at 12-11-2019 21:00:05 Gold trading at 37618 with high of 37729 and low of 37585

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