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
2018-11-29
Resistance and Support Level Explanation
Resistance 1228.50 H4
Support 1220.00 H4

GOLD_, H4: Gold was traded higher following prior breakout above the previous resistance level 1220.00. MACD which illustrate bullish momentum signal with the formation of golden cross suggest the pair to extend its gains towards the resistance level 1228.50.

 

Resistance level: 1228.50, 1234.50

Support level: 1220.00, 1212.50