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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_
2019-08-21

GOLD_, H1: Gold price was traded lower following a retrace from 1509.00. MACD which illustrate diminished upward momentum suggests its price to be traded lower in short-term after closing below the 60-MA line (green).

 

Resistance level: 1509.00, 1523.00

Support level: 1494.50, 1483.50