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GCMAsia - GOLD
GOLD_
GOLD_
2017-07-03
Resistance and Support Level Explanation
Resistance 1246.00 Daily
Support 1232.00 Daily

GOLD_, Daily: Gold price extended its losses following the formation of death cross by both MA lines. Its prices are expected to advance further down, towards the bottom level of ascending triangle. Any breakout from the bottom level would signal a change in trend direction to move further downwards.

 

Resistance level: 1246.00, 1261.00

Support level: 1232.00, 1217.00