GCMAsia - GOLD
GOLD_
2018-03-05
| Resistance and Support | Level | Explanation |
| Resistance | 1340.00 | Daily |
| Support | 1312.00 | Daily |
GOLD_, Daily: Downside on the gold price remains limited following prior rebound from the strong support level at 1312.00. In tandem with recent price action, diminishing downward momentum from the MACD histogram suggests the commodity price to extend its upside bias after closing above the 60-MA line (green).
Resistance level: 1340.00, 1353.70
Support level: 1312.00, 1295.00