83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

030517 GOLD

by | May 3, 2017 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2017-05-03
Resistance and Support Level Explanation
Resistance 1260.85 H4
Support 1251.45 H4

GOLD_, H4: Gold price remains traded within a downward channel following prior rebound from the support level of 1251.45. Recent rebound suggests gold price to be traded higher in short-term as retracement period. Likewise, long-term trend direction suggests gold price to be traded with a downward channel trend.

 

Resistance level: 1260.85, 1267.40

Support level: 1251.45, 1239.50