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160519 GOLD_-Noon

by | May 16, 2019 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2019-05-16

GOLD_, H4: Gold price was traded lower while currently testing the support level 1295.65. MACD which illustrate bearish momentum and the formation of death cross suggest gold to extend its losses after successfully breaking below the support level.

 

Resistance level: 1302.50, 1311.40

Support level: 1295.65, 1287.85