Gold Trend Update 1 Hour 16-10-2020 09:00:08 by SpiderSignals.com

Gold 1 Hour Trend Update 16-10-2020 09:00:08 by Spider Signals Call Now 9389717003 / 6399968940

At 16-10-2020 09:00:08 Gold trading at 50700 with high of 50749 and low of 50619

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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 Range and value is 60.8

The Gold CCI (Commodity Channel index) 14 is trading at Range and value is 170.1

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In 1 Hour chart Gold price continues to trade at 50700 and above the (Spider Signals AI Trend ) with value of 50543.1 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 50543.1 level, that could be an extraordinarily Bullish sign for Gold

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The expected trading range for Gold today is between 50274 support and 50743 resistance.

Pivot (invalidation): 50507

Today Gold Support & Resistance Levels by Spider Signals

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Gold Pivot / Support / ResistanceValues
Gold Pivot 50507
Gold Support 1 50274
Gold Support 2 50038
Gold Support 3 49805
Gold Resistance 1 50743
Gold Resistance 2 50976
Gold Resistance 3 51212

Today till now @ 16-10-2020 09:00:08 Gold trading at 50700 with high of 50749 and low of 50280

Yesterday Gold Closed at 50510 with low of 50271 and High of 50740

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

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