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051118 GOLD_-Noon

by | Nov 5, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-11-05
Resistance and Support Level Explanation
Resistance 1237.40 H4
Support 1230.25 H4

GOLD_, H4: Gold was traded in sideway channel following prior breakout from the previous resistance level at 1230.25. MACD which illustrate diminishing bullish momentum suggest the commodity to extend its losses after successfully breakout the support level at 1230.25.

Resistance level: 1237.40, 1247.50

Support level: 1230.25, 1221.45