Gold Trend Today Technical Analysis for 11-02-2020 21:00:03


In 1 hour chart Gold price continues to trade at 40430 and above the (Exponential Moving Average)EMA200 value of 40414.7 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 40414.7 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 21:00:03

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 21:00:03 Gold trading at 40430 with high of 40577 and low of 40381

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.