GCMAsia - GOLD
GOLD_
2017-08-02
| Resistance and Support | Level | Explanation |
| Resistance | 1270.00 | H1 |
| Support | 1265.60 | H1 |
GOLD_, H1: Gold price extended its downtrend following prior retracement from the 20-MA line (red) while currently testing at the strong support level of 1265.60. A closure below this level would suggest gold price to move further downwards towards the next target at 1261.30.
Resistance level: 1270.00, 1273.95
Support level: 1265.60, 1261.30