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221018 GOLD

by | Oct 22, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-10-22
Resistance and Support Level Explanation
Resistance 1228.00 H1
Support 1218.00 H1

GOLD_, H1: Gold price remains traded within a descending channel while currently testing at the 20-MA line (red). Stochastic Oscillator which begins to form a death cross signal suggests the commodity price to extend its losses after closing below the 20-MA line.

 

Resistance level: 1228.00, 1237.00

Support level: 1218.00, 1210.60