Gold Trend Today Technical Analysis for 12-02-2020 16:00:03


In 1 hour chart Gold price continues to trade at 40432 and below the (Exponential Moving Average)EMA200 value of 40411.3 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy 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 40411.3 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 16:00:03

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 16:00:03 Gold trading at 40432 with high of 40438 and low of 40306

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