GOLD_, H4: Gold price remain traded in a sideway channel while currently testing near the resistance level 1787.75. However, MACD which illustrate diminishing bearish momentum signal with the starting formation of golden cross suggest the commodity to be traded higher after it breaks above the resistance level 1787.75.
Resistance level: 1787.75, 1806.80
Support level: 1763.05, 1744.00