Gold Trend Today Technical Analysis for 29-11-2019 18:00:04


In 1 hour chart Gold price continues to trade at 37785 and below the (Exponential Moving Average)EMA200 value of 37872.7 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 37872.7 is proving a tough nut to crack.

Pivot (invalidation): 37672.3

Our preference: Long positions above 37804.7

Alternative scenario: Below 37596.7 look for further downside.

Support Resistance Levels For Gold Today at 29-11-2019 18:00:04

Pivot: 37672.3

Resistance 1: 37804.7

Resistance 2: 37880.3

Resistance 3: 38012.7

Support 1: 37596.7

Support 2: 37464.3

Support 3: 37388.7

Yesterday High Low Close For Gold

Yesterday High: 37748

Yesterday Low: 37540

Yesterday Close: 37729

Today at 29-11-2019 18:00:04 Gold trading at 37785 with high of 37847 and low of 37710

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