Gold Trend Today Technical Analysis for 14-02-2020 20:00:04

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In 1 hour chart Gold price continues to trade at 40805 and above the (Exponential Moving Average)EMA200 value of 40471.2 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy 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 40471.2 is proving a tough nut to crack.

Pivot (invalidation): 40619.3

Our preference: Long positions above 40725.7

Alternative scenario: Below 40538.7 look for further downside.

Support Resistance Levels For Gold Today at 14-02-2020 20:00:04

Pivot: 40619.3

Resistance 1: 40725.7

Resistance 2: 40806.3

Resistance 3: 40912.7

Support 1: 40538.7

Support 2: 40432.3

Support 3: 40351.7

Yesterday High Low Close For Gold

Yesterday High: 40700

Yesterday Low: 40513

Yesterday Close: 40645

Today at 14-02-2020 20:00:04 Gold trading at 40805 with high of 40841 and low of 40573

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