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160419 GOLD_-Noon

by | Apr 16, 2019 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2019-04-16

GOLD_, H1: Gold price was traded lower while currently testing the support level at 1284.05.  MACD which illustrate diminishing bullish momentum and the formation of death cross suggest gold to extend losses after successfully breakout below the support level at 1284.05.

 

Resistance level: 1293.20, 1300.25

Support level: 1284.05, 1277.05