GCMAsia - GOLD
GOLD_
2019-12-30
GOLD_, H4: Gold price was traded higher following prior breakout above the previous resistance level at 1513.55. However, MACD which illustrated diminishing bullish momentum and the formation of death cross suggest the commodity to be traded lower in short-term as technical correction.
Resistance level: 1513.55, 1520.25
Support level: 1507.75, 1501.95