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
2019-01-25
Resistance and Support Level Explanation
Resistance 1287.00 H4
Support 1278.90 H4

GOLD_, H4: Gold price was traded higher following prior rebound from the support level 1278.90. MACD which illustrate bullish momentum and the formation of golden cross suggest gold to extend its rebound towards the resistance level 1287.00.

 

Resistance level: 1287.00, 1296.85

Support level: 1278.90, 1267.25