Gold Trend Today Technical Analysis for 13-02-2020 19:00:04

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In 1 hour chart Gold price continues to trade at 40578 and above the (Exponential Moving Average)EMA200 value of 40436.2 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 40436.2 is proving a tough nut to crack.

Pivot (invalidation): 40446

Our preference: Long positions above 40586

Alternative scenario: Below 40343 look for further downside.

Support Resistance Levels For Gold Today at 13-02-2020 19:00:04

Pivot: 40446

Resistance 1: 40586

Resistance 2: 40689

Resistance 3: 40829

Support 1: 40343

Support 2: 40203

Support 3: 40100

Yesterday High Low Close For Gold

Yesterday High: 40549

Yesterday Low: 40306

Yesterday Close: 40483

Today at 13-02-2020 19:00:04 Gold trading at 40578 with high of 40700 and low of 40532

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