GCMAsia - GOLD
GOLD_
2017-04-03
| Resistance and Support | Level | Explanation |
| Resistance | 1255.25 | Daily |
| Support | 1229.90 | Daily |
GOLD_, Daily: Gold price has previously formed a double top formation, indicating a strong resistance level ahead at 1255.25. As both moving average line extends its upward expansion, gold price is expected to move further upwards and retest near the level of 1255.25. A successful breakthrough from this level would suggest gold price to continue its upward momentum.
Resistance level: 1255.25, 1291.30
Support level: 1229.90, 1204.55