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160518 GOLD

by | May 16, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-05-16
Resistance and Support Level Explanation
Resistance 1295.70 H1
Support 1290.00 H1

GOLD_, H1: Gold price was traded higher after rebound from support level at 1290.00. Golden-cross as displayed by MACD signal line would suggest the commodity price to undergo short-term technical correction to trade higher before continuing its bearish bias.

Resistance level: 1295.70, 1301.20

Support level: 1290.00, 1286.00