Gold Trend Today Technical Analysis for 02-12-2019 19:00:04


In 1 hour chart Gold price continues to trade at 37850 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): 37942.3

Our preference: Long positions above 38191.7

Alternative scenario: Below 37770.7 look for further downside.

Support Resistance Levels For Gold Today at 02-12-2019 19:00:04

Pivot: 37942.3

Resistance 1: 38191.7

Resistance 2: 38363.3

Resistance 3: 38612.7

Support 1: 37770.7

Support 2: 37521.3

Support 3: 37349.7

Yesterday High Low Close For Gold

Yesterday High: 38114

Yesterday Low: 37693

Yesterday Close: 38020

Today at 02-12-2019 19:00:04 Gold trading at 37850 with high of 37970 and low of 37100

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