Gold Trend Update 1 Hour 05-08-2020 22:00:05 by SpiderSignals.com

Gold 1 Hour Trend Update 05-08-2020 22:00:05 by Spider Signals Call Now 9389717003 / 6399968940

At 05-08-2020 22:00:05 Gold trading at 55450 with high of 55450 and low of 55450

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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 83.4

The Gold CCI (Commodity Channel index) 14 is trading at OverBought and value is 168.9

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In 1 Hour chart Gold price continues to trade at 55450 and above the (Spider Signals AI Trend ) with value of 53770.7 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 53770.7 level, that could be an extraordinarily Bullish sign for Gold

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The expected trading range for Gold today is between 53992 support and 54844 resistance.

Pivot (invalidation): 54276

Today Gold Support & Resistance Levels by Spider Signals

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Gold Pivot / Support / ResistanceValues
Gold Pivot 54276
Gold Support 1 53992
Gold Support 2 53424
Gold Support 3 53140
Gold Resistance 1 54844
Gold Resistance 2 55128
Gold Resistance 3 55696

Today till now @ 05-08-2020 22:00:05 Gold trading at 55450 with high of 55450 and low of 55039

Yesterday Gold Closed at 54560 with low of 53708 and High of 54560

This report is published by www.spidersignals.com using AI & Deep learning analysis

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