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GCMAsia - GOLD
GOLD
GOLD
2018-12-12
Resistance and Support Level Explanation
Resistance 1253.00 H1
Support 1242.10 H1

GOLD_, H1: Gold price was traded higher following prior rebound from the strong support at 1242.10. MACD which illustrate diminishing downward momentum suggests its prices to extend its gains, towards the direction of 1253.00.

 

Resistance level: 1253.00, 1263.20

Support level: 1242.10, 1237.25