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051018 GOLD-Noon

by | Oct 5, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD
GOLD
2018-10-05
Resistance and Support Level Explanation
Resistance 1203.30 H1
Support 1197.90 H1

GOLD_, H1: Gold price was traded lower while currently testing the support level 1197.90. MACD which display bearish bias suggest the commodity to extend its losses after a breakout below the support level 1197.90.

 

Resistance level: 1203.30, 1208.45

Support level: 1197.90, 1191.10