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GCMAsia-GOLD
GOLD
GOLD
2020-12-18

GOLD_, H4: Gold price was traded higher high following recent breakout above the previous resistance level 1581.25. However, MACD which illustrate diminishing bullish momentum signal suggest the commodity to experience a technical correction after it breaks back below the level.

 

Resistance level: 1920.00, 1955.00

Support level: 1881.25, 1850.45.