GCMAsia - GOLD
GOLD_
2018-11-05
| Resistance and Support | Level | Explanation |
| Resistance | 1237.25 | H1 |
| Support | 1228.00 | H1 |
GOLD_, H1: Gold price remains traded within a sideways channel following prior rebound from the bottom level. However, MACD which begins to form a death cross signal suggests its price to extend its losses in short-term after closing below the 20-MA line (red).
Resistance level: 1237.25, 1242.10
Support level: 1228.00, 1215.95