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160719 GOLD

by | Jul 16, 2019 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2019-07-16

GOLD_, H4: Gold price remained traded flat above its 20-MA line (green). Due to lack of signal and momentum from the MACD, a breakout above the resistance level 1421.40 or below the support level 1405.00 is required to obtain further confirmation before entering the market.

 

Resistance level: 1421.40, 1440.00
Support level: 1405.00, 1386.35