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040518 GOLD

by | May 4, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-05-04
Resistance and Support Level Explanation
Resistance 1315.70 H4
Support 1307.40 H4

GOLD_, H4: Gold price was traded lower following its failure to break resistance level at 1315.70. MACD that shows ongoing bullish momentum would suggest the safe-haven asset price to extend its gains to retest the said resistance level.

Resistance level: 1315.70, 1321.30

Support level: 1307.40, 1303.60