GCMAsia - GOLD
GOLD_
2017-10-23
| Resistance and Support | Level | Explanation |
| Resistance | 1281.00 | Daily |
| Support | 1263.00 | Daily |
GOLD_, Daily: Gold price extended its losses following prior closure below the support level of 1281.00 and both MA lines. MACD histogram which begins to form a death cross signal suggest further bearish momentum for the commodity and advance towards the target of support level near 1263.00.
Resistance level: 1281.00, 1299.05
Support level: 1263.00, 1237.35