83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia-GOLD
GOLD
GOLD
2020-08-05

GOLD_, H4: Gold was traded lower following prior retracement from the higher level. MACD which illustrate diminishing bullish momentum suggest the commodity to undergo technical correction toward the lower level.

 

Resistance level: 2040.60, 2090.10

Support level: 1984.10, 1939.50