Gold Trend Today Technical Analysis for 11-02-2020 18:00:02

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In 1 hour chart Gold price continues to trade at 40467 and above the (Exponential Moving Average)EMA200 value of 40411.9 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 40411.9 is proving a tough nut to crack.

Pivot (invalidation): 40637.7

Our preference: Long positions above 40761.3

Alternative scenario: Below 40560.3 look for further downside.

Support Resistance Levels For Gold Today at 11-02-2020 18:00:02

Pivot: 40637.7

Resistance 1: 40761.3

Resistance 2: 40838.7

Resistance 3: 40962.3

Support 1: 40560.3

Support 2: 40436.7

Support 3: 40359.3

Yesterday High Low Close For Gold

Yesterday High: 40715

Yesterday Low: 40514

Yesterday Close: 40684

Today at 11-02-2020 18:00:02 Gold trading at 40467 with high of 40566 and low of 40381

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