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090519 GOLD_-Noon

by | May 9, 2019 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2019-05-09

GOLD_, H4: Gold was traded lower while currently testing 50 moving average (Blue). MACD which illustrate bearish momentum and the formation of death cross suggest the commodity to extend its losses after successfully breakout below the 50 moving average (Blue).

 

Resistance level: 1287.65, 1293.20

Support level: 1278.45, 1272.60