GCMAsia - GOLD
GOLD_
2018-07-13
| Resistance and Support | Level | Explanation |
| Resistance | 1248.20 | H1 |
| Support | 1242.20 | H1 |
GOLD_, H1: Gold price was traded lower following prior retrace from the bearish trendline. MACD histogram which illustrate diminishing upward momentum suggests the commodity price to extend its losses after closing below the 20-MA line (red).
Resistance level: 1248.20, 1253.45
Support level: 1242.20, 1238.40