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051018 GOLD

by | Oct 5, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-10-05
Resistance and Support Level Explanation
Resistance 1202.00 H4
Support 1192.00 H4

GOLD_, H4: Gold price was traded lower following prior retracement from the resistance at 1202.00. MACD which begins to form a death cross signal suggests the commodity price to be traded lower in short-term, towards the 60-MA line (green).

 

Resistance level: 1202.00, 1210.60

Support level: 1192.00, 1184.00