Gold Trend Today Technical Analysis for 16-01-2020 12:00:03


In 1 hour chart Gold price continues to trade at 40969 and above the (Exponential Moving Average)EMA200 value of 38807.4 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 38807.4 is proving a tough nut to crack.

Pivot (invalidation): 39977

Our preference: Long positions above 40293

Alternative scenario: Below 39814 look for further downside.

Support Resistance Levels For Gold Today at 16-01-2020 12:00:03

Pivot: 39977

Resistance 1: 40293

Resistance 2: 40456

Resistance 3: 40772

Support 1: 39814

Support 2: 39498

Support 3: 39335

Yesterday High Low Close For Gold

Yesterday High: 40140

Yesterday Low: 39661

Yesterday Close: 40130

Today at 16-01-2020 12:00:03 Gold trading at 40969 with high of 41096 and low of 40801

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