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GCMAsia - GOLD
GOLD
GOLD
2018-12-07
Resistance and Support Level Explanation
Resistance 1241.60 H4
Support 1235.00 H4

GOLD_, H4: Gold price remains traded within an upward channel following prior rebound from the support level 1235.00. Due to lack of signal from the MACD, a breakout above or below the channel is required for further confirmation before entering the market.

 

Resistance level: 1241.60, 1246.40

Support level: 1235.00, 1228.00