GCM Asia – GOLD

GOLD_, H4: Gold price was traded higher following the prior rebound from the lower level. MACD which illustrated bullish momentum suggests the commodity extended its gains toward the resistance level at 1985.50   Resistance level: 1985.50, 2009.10 Support level:...

GOLD_, Daily: Gold price was traded higher while currently testing the resistance level at 1980.00. MACD which illustrated diminishing bearish momentum suggests the commodity to extend its gains after it successfully breakout above the resistance level at 1980.00....

GOLD_, H4: Gold price was traded lower following the prior retracement from the higher level. MACD which illustrated diminishing bullish momentum suggests the commodity extended its losses toward the support level at 1954.90.   Resistance level: 1985.50, 2009.10...

GOLD_, Daily: Gold price was traded higher following the prior breakout above the previous resistance level at 1951.60. MACD which illustrated diminishing bearish momentum suggests the commodity to extend its gains toward the resistance level at 1980.00.  ...

GOLD_, H4: Gold price was traded lower while currently testing the support level at 1954.90. MACD which illustrated diminishing bullish momentum suggests the commodity extended its losses after it successfully breakout below the support level.   Resistance level:...

GOLD_, Daily: Gold price was traded higher while currently testing the resistance level at 1951.60. MACD which illustrated diminishing bearish momentum suggests the commodity to extend its gains after it successfully breakout above the resistance level.  ...

GOLD_, H4: Gold price was traded higher following the prior rebound from the lower level. MACD which illustrated increasing bullish momentum suggests the commodity extended its gains toward the resistance level at 1954.90.   Resistance level: 1954.90, 1985.50...

GOLD_, Daily: Gold price was traded lower following the prior breakout below the previous support level at 1951.60. MACD which illustrated bearish bias momentum suggests the commodity to extend its losses toward the upward trend line.   Resistance level: 1951.60,...

GOLD_, H4: Gold price was traded lower following the prior retracement from the higher level. However, MACD which illustrated diminishing bearish momentum suggests the commodity undergoes a technical correction in a short term.   Resistance level: 1954.90,...

GOLD_, Daily: Gold price was traded lower following the prior breakout below the previous support level at 1951.60. MACD which illustrated bearish bias momentum suggests the commodity to extend its losses toward the upward trend line.   Resistance level: 1951.60,...