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070618 GOLD

by | Jun 7, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-06-07
Resistance and Support Level Explanation
Resistance 1297.00 H4
Support 1290.00 H4

GOLD_, H4: Gold price was traded lower following prior retracement from the resistance level of 1301.20. Diminishing upward momentum from the MACD histogram suggests the pair to extend its losses after closing below the 20-MA line (red).

 

Resistance level: 1297.00, 1301.20

Support level: 1290.00, 1282.10