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GCMAsia - GOLD
GOLD
GOLD
2018-08-01
Resistance and Support Level Explanation
Resistance 1226.00 H1
Support 1218.00 H1

GOLD_, H1: Gold price remain traded in a sideway channel following recent retracement from the support level 1226.00. Due to the lack of signal from price action and MACD, it is suggested to wait until further clear signal appears such as breakout above or below resistance or support level for confirmation.

 

Resistance level: 1226.00, 1233.00

Support level: 1218.00, 1214.00