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GCMAsia - GOLD
GOLD_
GOLD_
2017-09-27
Resistance and Support Level Explanation
Resistance 1299.00 Daily
Support 1281.00 Daily

GOLD_, Daily: Gold price was traded lower prior breaking below support level at 1299.00. Formation of dark cloud cover candlestick pattern and death cross as shown by MACD histogram suggests gold price to extend its losses toward the next support level at 1281.00

Resistance level: 1299.00, 1321.30

Support level: 1281.00, 1263.00