GCMAsia - GOLD

GOLD_
2019-12-18

GOLD_, H4: Gold price was traded lower following prior retracement near the resistance level at 1477.40. MACD which illustrated bearish momentum and the formation of death cross suggest the commodity to be traded lower toward the support level at 1471.65.
Resistance level: 1477.40, 1484.70
Support level: 1471.65, 1464.05