GCMAsia - GOLD
GOLD_
2017-05-04
| Resistance and Support | Level | Explanation |
| Resistance | 1250.00 | H4 |
| Support | 1235.60 | H4 |
GOLD_, H4: Gold price has recently broken out from bottom level of downward channel, signaling a change in trend direction to move further downwards. As the MACD histogram continues to illustrate downward signal and momentum, a successful closure below the support level of 1235.60 would suggest gold price to extend its losses.
Resistance level: 1250.00, 1261.35
Support level: 1235.60, 1222.70