GCMAsia - GOLD
GOLD
2018-09-18
| Resistance and Support | Level | Explanation |
| Resistance | 1198.95 | H1 |
| Support | 1196.00 | H1 |
GOLD, H1: Gold price was lower following prior breakout below the previous support level 1198.95. Recent price action and MACD which display a bearish momentum and the formation of a death cross suggest the commodity to extend its losses towards the support level 1196.00.
Resistance level: 1198.95, 1203.00
Support level: 1196.00, 1191.10