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060418 GOLD

by | Apr 6, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-04-06
Resistance and Support Level Explanation
Resistance 1334.90 H4
Support 1327.90 H4

GOLD_, H4: Gold price was traded higher after breaking resistance by 200-MA line at 1327.90. Diminishing bearish momentum as displayed by MACD histogram would suggest the safe-haven asset price to extend its gains if breakout at the ascending trend line is successful.

Resistance level: 1334.90, 1337.70

Support level: 1327.90, 1321.10