Gold 1 Hour Trend Update 04-08-2020 16:00:07 by Spider Signals Call Now 9389717003 / 6399968940

At 04-08-2020 16:00:07 Gold trading at 53800 with high of 53801 and low of 53800

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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 53.5

The Gold CCI (Commodity Channel index) 14 is trading at Range and value is -2.1

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In 1 Hour chart Gold price continues to trade at 53800 and above the (Spider Signals AI Trend ) with value of 53398.5 and keeps its stability above until now, while 1 Hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our view Bullish

However, if Gold continues to trade above 53398.5 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

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 @ 04-08-2020 16:00:07 Gold trading at 53800 with high of 53851 and low of 53800

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

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