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040718 GOLD

by | Jul 4, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-07-04
Resistance and Support Level Explanation
Resistance 1260.00 H1
Support 1254.00 H1

GOLD_, H1: Gold price was traded higher following prior breakout from the top level of descending channel. Both MA line which forms a golden cross signal suggests the commodity price to extend its gains, towards the direction of resistance level at 1260.00.

 

Resistance level: 1260.00, 1267.00

Support level: 1254.00, 1249.15