GCMAsia - GOLD

GOLD
2020-11-03

GOLD_, H4: Gold price remain traded in sideway channel following recent breakout above the previous resistance level 1879.05. However, MACD which illustrate bullish momentum signal suggest the commodity to extend its gains in short term towards the resistance level 1919.00.
Resistance level: 1919.00, 1970.55
Support level: 1879.05, 1847.70