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160120 GOLD_-Noon

by | Jan 16, 2020 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2020-01-16

GOLD_, H4: Gold price remain traded in a sideway channel while currently testing near the resistance level 1561.90. MACD which illustrate bullish bias signal with the recent formation of golden cross suggest the commodity to be traded higher after it breaks above the resistance level.

 

Resistance level: 1561.90, 1613.35

Support level: 1542.15, 1523.25