GCMAsia - GOLD

GOLD_
2019-08-13

GOLD_, H1: Gold price was traded higher while currently testing the resistance level 1512.30. However, MACD which display diminishing bullish momentum suggest the commodity to undergo short-term technical correction and retrace towards the support level 1492.10.
Resistance level: 1512.30, 1528.60
Support level: 1492.10, 1476.00