GCMAsia - GOLD
GOLD_
2019-07-12
GOLD_, H4: Gold price was traded higher following prior rebound from the support level at 1401.50. However, MACD which illustrate diminishing bullish momentum and the formation of death cross suggest the commodity to undergo technical correction in short term toward the support level at 1401.50.
Resistance level: 1420.55, 1436.35
Support level: 1401.50, 1383.60