Gold Trend Today Technical Analysis for 02-12-2019 23:00:04


In 1 hour chart Gold price continues to trade at 37880 and above the (Exponential Moving Average)EMA200 value of 37873.7 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Gold continues to trade above level, that could be an extraordinarily Bullish sign for Gold

Even so, the 200-candle Exponential moving average (EMA) price range of 37873.7 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 23:00:04

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 23:00:04 Gold trading at 37880 with high of 38000 and low of 37100

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