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GCMAsia - GOLD
GOLD_
GOLD_
2017-07-06
Resistance and Support Level Explanation
Resistance 1228.00 H1
Support 1222.30 H1

GOLD_, H1: Gold price extended gains following prior closure above the 60-moving average line (green). Both MA lines which continues to narrow upwards suggests gold price to move further up and retest at the strong resistance level of 1228.00.

 

Resistance level: 1228.00, 1235.00

Support level: 1222.30, 1217.00