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051017 GOLD

by | Oct 5, 2017 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2017-10-05
Resistance and Support Level Explanation
Resistance 1281.05 H1
Support 1270.65 H1

GOLD_, H1: Gold price remains under pressure following prior retracement from the 20-MA line (red). A higher selling pressure from the upside may suggest its prices to extend its downward momentum after successfully closing below the 60-MA line (green).

 

Resistance level: 1281.05, 1290.00

Support level: 1270.65, 1263.00