GCMAsia - GOLD
GOLD_
2017-06-02
| Resistance and Support | Level | Explanation |
| Resistance | 1271.00 | H4 |
| Support | 1261.40 | H4 |
GOLD_, H4: Gold price remained traded within a downward channel following prior retracement from the top level of the channel. A closure below the support level of 1261.40 would suggest gold price to extend its losses towards the bottom level of the channel thereafter.
Resistance level: 1271.00, 1278.20
Support level: 1261.40, 1253.80