Gold Trend Today Technical Analysis for 16-01-2020 18:00:04

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In 1 hour chart Gold price continues to trade at 39763 and above the (Exponential Moving Average)EMA200 value of 39587.9 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 39587.9 is proving a tough nut to crack.

Pivot (invalidation): 39595

Our preference: Long positions above 39713

Alternative scenario: Below 39482 look for further downside.

Support Resistance Levels For Gold Today at 16-01-2020 18:00:04

Pivot: 39595

Resistance 1: 39713

Resistance 2: 39826

Resistance 3: 39944

Support 1: 39482

Support 2: 39364

Support 3: 39251

Yesterday High Low Close For Gold

Yesterday High: 39708

Yesterday Low: 39477

Yesterday Close: 39600

Today at 16-01-2020 18:00:04 Gold trading at 39763 with high of 39775 and low of 39604

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