Gold Trend Today Technical Analysis for 11-02-2020 22:00:04

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In 1 hour chart Gold price continues to trade at 40350 and below the (Exponential Moving Average)EMA200 value of 40413.9 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Gold continues to trade below level, that could be an extraordinarily Bearish sign for Gold

Even so, the 200-candle Exponential moving average (EMA) price range of 40413.9 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 22:00:04

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 22:00:04 Gold trading at 40350 with high of 40577 and low of 40300

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