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GCMAsia - GOLD
GOLD
GOLD
2018-12-14
Resistance and Support Level Explanation
Resistance 1253.00 H1
Support 1242.10 H1

GOLD_, H1: Gold price remains traded within a descending triangle while currently testing at 1242.10. MACD which illustrate imminent formation of bullish signal suggests its prices to be traded higher in short-term as technical correction.

 

Resistance level: 1253.00, 1263.20

Support level: 1242.10, 1237.25