Gold Trend Update 1 Hour 16-10-2020 12:00:05 by SpiderSignals.com

Gold 1 Hour Trend Update 16-10-2020 12:00:05 by Spider Signals Call Now 9389717003 / 6399968940

At 16-10-2020 12:00:05 Gold trading at 50605 with high of 50646 and low of 50601

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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 53.9

The Gold CCI (Commodity Channel index) 14 is trading at Range and value is 70.2

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In 1 Hour chart Gold price continues to trade at 50605 and above the (Spider Signals AI Trend ) with value of 50556.5 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 50556.5 level, that could be an extraordinarily Bullish sign for Gold

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The expected trading range for Gold today is between 50403.7 support and 50872.7 resistance.

Pivot (invalidation): 50576.3

Today Gold Support & Resistance Levels by Spider Signals

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Gold Pivot / Support / Resistance Values
Gold Pivot 50576.3
Gold Support 1 50403.7
Gold Support 2 50107.3
Gold Support 3 49934.7
Gold Resistance 1 50872.7
Gold Resistance 2 51045.3
Gold Resistance 3 51341.7

Today till now @ 16-10-2020 12:00:05 Gold trading at 50605 with high of 50717 and low of 50586

Yesterday Gold Closed at 50700 with low of 50280 and High of 50749

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

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