GCMAsia - GOLD
GOLD_
2018-03-16
| Resistance and Support | Level | Explanation |
| Resistance | 1316.20 | H1 |
| Support | 1309.60 | H1 |
GOLD_, H1: Gold price was traded lower prior breaking support level at 1316.20 and the safe-haven asset is currently retesting its previous low. MACD histogram that portrays diminishing bearish momentum would suggest gold price to extend its gains if it successfully breaks the 38.2 Fibonacci level.
Resistance level: 1316.20, 1321.90
Support level: 1309.60, 1300.80