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GCMAsia - GOLD
GOLD_
GOLD_
2017-06-05
Resistance and Support Level Explanation
Resistance 1295.15 Daily
Support 1273.70 Daily

GOLD_, Daily: Gold price has extended its gains following prior breakout from the top level of narrowing triangle. MACD histogram which illustrates substantial upward signal suggests gold price to move further up, towards the target of resistance level at 1295.15.

 

Resistance level: 1295.15, 1314.75

Support level: 1273.70, 1244.85