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070519 GOLD

by | May 7, 2019 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2019-05-07

GOLD_, H4: Gold price remained traded in a sideway channel following prior rebound from the 60-MA line (red). However, MACD which illustrate diminishing bullish momentum suggest gold to undergo short-term technical correction and retrace towards the support level 1277.30.

 

Resistance level: 1285.80, 1295.65

Support level: 1277.30, 1266.35