Gold Trend Today Technical Analysis for 04-12-2019 14:00:04

by wealthmann

December 4, 2019

3

In 1 hour chart Gold price continues to trade at 38400 and above the (Exponential Moving Average)EMA200 value of 37922.5 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell 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 37922.5 is proving a tough nut to crack.

Pivot (invalidation): 38349.3

Our preference: Long positions above 38818.7

Alternative scenario: Below 37930.7 look for further downside.

Support Resistance Levels For Gold Today at 04-12-2019 14:00:04

Pivot: 38349.3

Resistance 1: 38818.7

Resistance 2: 39237.3

Resistance 3: 39706.7

Support 1: 37930.7

Support 2: 37461.3

Support 3: 37042.7

Yesterday High Low Close For Gold

Yesterday High: 38768

Yesterday Low: 37880

Yesterday Close: 38400

Today at 04-12-2019 14:00:04 Gold trading at 38400 with high of 38450 and low of 38331