Gold 1 Hour Trend Update 05-08-2020 11:00:04 by Spider Signals Call Now 9389717003 / 6399968940
At 05-08-2020 11:00:04 Gold trading at 54560 with high of 54560 and low of 54560
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In 1 Hour Gold Chart as per Spider Signals AI Trend we can see the trend is Bullish
The Gold RSI (Relative strength index) 14 is trading at OverBought and value is 72.7
The Gold CCI (Commodity Channel index) 14 is trading at OverBought and value is 212.5
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In 1 Hour chart Gold price continues to trade at 54560 and above the (Spider Signals AI Trend ) with value of 53551 and keeps its stability above until now, while 1 Hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our view Bullish
However, if Gold continues to trade above 53551 level, that could be an extraordinarily Bullish sign for Gold
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The expected trading range for Gold today is between 53659.7 support and 54294.7 resistance.
Pivot (invalidation): 53929.3
Today Gold Support & Resistance Levels by Spider Signals
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| Gold Pivot / Support / Resistance | Values |
|---|---|
| Gold Pivot | 53929.3 |
| Gold Support 1 | 53659.7 |
| Gold Support 2 | 53294.3 |
| Gold Support 3 | 53024.7 |
| Gold Resistance 1 | 54294.7 |
| Gold Resistance 2 | 54564.3 |
| Gold Resistance 3 | 54929.7 |
Today till now @ 05-08-2020 11:00:04 Gold trading at 54560 with high of 54560 and low of 53708
Yesterday Gold Closed at 54025 with low of 53564 and High of 54199
This report is published by www.spidersignals.com using AI & Deep learning analysis