GCMAsia - GOLD

GOLD_
2020-01-10

GOLD_, H4: Gold price was traded lower following prior retracement from the resistance level at 1551.10. However, MACD which illustrated diminishing bearish momentum suggest the commodity to be traded higher in short-term as technical correction.
Resistance level: 1551.10, 1572.10
Support level: 1539.15, 1530.05