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130520 GOLD-Noon

by | May 13, 2020 | GOLD | 0 comments

GCMAsia-GOLD
GOLD
GOLD
2020-05-13

GOLD_, H4: Gold price was traded lower following prior retracement from the resistance level at 1706.95. However, MACD which illustrated diminishing bearish momentum suggest the commodity to be traded higher in short-term as technical correction.

 

Resistance level: 1706.95, 1720.70

Support level: 1693.90, 1683.45