Gold Trend Today Technical Analysis for 12-02-2020 10:00:02


In 1 hour chart Gold price continues to trade at 40393 and below the (Exponential Moving Average)EMA200 value of 40414 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 40414 is proving a tough nut to crack.

Pivot (invalidation): 40441.7

Our preference: Long positions above 40583.3

Alternative scenario: Below 40306.3 look for further downside.

Support Resistance Levels For Gold Today at 12-02-2020 10:00:02

Pivot: 40441.7

Resistance 1: 40583.3

Resistance 2: 40718.7

Resistance 3: 40860.3

Support 1: 40306.3

Support 2: 40164.7

Support 3: 40029.3

Yesterday High Low Close For Gold

Yesterday High: 40577

Yesterday Low: 40300

Yesterday Close: 40448

Today at 12-02-2020 10:00:02 Gold trading at 40393 with high of 40438 and low of 40391

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