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140717 GOLD

by | Jul 14, 2017 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2017-07-14
Resistance and Support Level Explanation
Resistance 1220.00 H4
Support 1207.00 H4

GOLD_, H4: Gold price was traded lower following prior retracement from the 60-MA line (green). Recent closure below the 20-MA line (red) suggest gold price to extend its losses towards the target of support level at 1207.00.

 

Resistance level: 1220.00, 1230.00, 1240.70

Support level: 1207.00, 1197.00