GCMAsia - GOLD
GOLD_
2017-05-05
| Resistance and Support | Level | Explanation |
| Resistance | 1229.35 | Daily |
| Support | 1208.95 | Daily |
GOLD_, Daily: Gold price has recently closed below the upward trend line, signaling a change in trend direction to move further downwards. As the downward signal from MACD histogram continues to expand downwards, gold price is expected to advance further down towards the target of support level at 1208.95.
Resistance level: 1229.35, 1254.60
Support level: 1208.95, 1188.60