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