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050717 GOLD

by | Jul 5, 2017 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2017-07-05
Resistance and Support Level Explanation
Resistance 1232.30 H1
Support 1227.00 H1

GOLD_, H1: Gold price were traded higher following prior rebound from the support level of 1222.30. Recent closure above the 23.6 Fibonacci level of 1227.00 suggests further upward bias for gold price to extend its gains towards the resistance level at 1232.30.

 

Resistance level: 1232.30, 1236.60

Support level: 1227.00, 1222.30