GCMAsia - GOLD
GOLD_
2017-10-02
| Resistance and Support | Level | Explanation |
| Resistance | 1281.00 | Daily |
| Support | 1263.00 | Daily |
GOLD_, Daily: Gold price extended its losses following previous closure below the strong support level near 1281.00. Such price action while coupled with ongoing downward signal from MACD histogram suggests gold price to advance further down, towards the first target at 1263.00.
Resistance level: 1281.00, 1299.05
Support level: 1263.00, 1237.35