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190719 GOLD

by | Jul 19, 2019 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2019-07-19

GOLD_, H4: Gold price was traded higher following prior breakout above the previous resistance level 1437.95. However, MACD which starting to display diminishing bullish momentum suggest the commodity to be traded lower as a technical correction in short term towards the support level 1437.95.

 

Resistance level: 1457.10, 1475.50
Support level: 1437.95, 1421.40