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GCMAsia - GOLD
GOLD_
GOLD_
2017-07-25
Resistance and Support Level Explanation
Resistance 1258.00 H1
Support 1252.00 H1

GOLD_, H1: Gold price were traded higher following prior rebound near the support level of 1252.00. A successful closure above the 20-MA line (red) would suggest gold price to advance further up and retest at previous high of 1258.00.

 

Resistance level: 1258.00, 1262.90

Support level: 1252.00, 1246.60