Gold 1 Hour Trend Update 08-01-2021 20:00:04 by Spider Signals Call Now 9389717003 / 6399968940
At 08-01-2021 20:00:04 Gold trading at 50050 with high of 50208 and low of 50042
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In 1 Hour Gold Chart as per Spider Signals AI Trend we can see the trend is Bearish
The Gold RSI (Relative strength index) 14 is trading at OverSold and value is 24.7
The Gold CCI (Commodity Channel index) 14 is trading at OverSold and value is -110.1
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In 1 Hour chart Gold price continues to trade at 50050 and below the (Spider Signals AI Trend ) with value of 50790.6 and keeps its stability below until now, while 1 Hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our view Bearish
However, if Gold continues to trade below 50790.6 level, that could be an extraordinarily Bearish sign for Gold
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The expected trading range for Gold today is between 50718 support and 51104 resistance.
Pivot (invalidation): 50882
Today Gold Support & Resistance Levels by Spider Signals
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| Gold Pivot / Support / Resistance | Values |
|---|---|
| Gold Pivot | 50882 |
| Gold Support 1 | 50718 |
| Gold Support 2 | 50496 |
| Gold Support 3 | 50332 |
| Gold Resistance 1 | 51104 |
| Gold Resistance 2 | 51268 |
| Gold Resistance 3 | 51490 |
Today till now @ 08-01-2021 20:00:04 Gold trading at 50050 with high of 50799 and low of 49860
Yesterday Gold Closed at 50940 with low of 50660 and High of 51046
This report is published by www.spidersignals.com using AI & Deep learning analysis