83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - GOLD
GOLD
GOLD
2018-09-19
Resistance and Support Level Explanation
Resistance 1203.30 H4
Support 1196.00 H4

GOLD, H4: Gold price remain traded in a sideway channel. Due to lack of signal from the MACD, further confirmation must be attained such as a breakout above the resistance level 1203.30 or the support level 1196.00 before entering the market.

 

Resistance level: 1203.30, 1207.80

Support level: 1196.00, 1191.10