GCMAsia - GOLD

GOLD
2020-09-23

GOLD_, H4: Gold price remain traded in a sideway channel while currently testing the support level 1902.20. However, MACD which illustrate diminishing bearish momentum suggest the commodity to be traded higher towards the resistance level 1970.55.
Resistance level: 1970.55, 2008.05
Support level: 1902.20, 1857.95