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GCMAsia - GOLD
GOLD_
GOLD_
2017-09-05
Resistance and Support Level Explanation
Resistance 1350.00 Daily
Support 1320.80 Daily

GOLD_, Daily: Gold price extended its rally following prior closure above the resistance level of 1320.80. Both MA lines which continues to expand upwards suggests further upside bias for gold price to advance towards the target of 1350.00.

 

Resistance level: 1350.00, 1374.75

Support level: 1320.80, 1305.00