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020517 GOLD

by | May 2, 2017 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2017-05-02
Resistance and Support Level Explanation
Resistance 1260.85 H4
Support 1251.45 H4

GOLD_, H4: Gold price was traded lower following prior closure below the strong support level of 1260.85. As the MACD histogram continues to illustrate downward signal, gold price is expected to advance further down, towards the target of support level at 1251.45.

 

Resistance level: 1260.85, 1267.40

Support level: 1251.45, 1239.50