Gold Trend Today Technical Analysis for 03-12-2019 18:00:04

by wealthmann

December 3, 2019

7

In 1 hour chart Gold price continues to trade at 38290 and above the (Exponential Moving Average)EMA200 value of 37885.1 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 37885.1 is proving a tough nut to crack.

Pivot (invalidation): 37718.7

Our preference: Long positions above 38337.3

Alternative scenario: Below 37409.3 look for further downside.

Support Resistance Levels For Gold Today at 03-12-2019 18:00:04

Pivot: 37718.7

Resistance 1: 38337.3

Resistance 2: 38646.7

Resistance 3: 39265.3

Support 1: 37409.3

Support 2: 36790.7

Support 3: 36481.3

Yesterday High Low Close For Gold

Yesterday High: 38028

Yesterday Low: 37100

Yesterday Close: 38028

Today at 03-12-2019 18:00:04 Gold trading at 38290 with high of 38290 and low of 37880