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051218 GOLD_-Noon

by | Dec 5, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-12-05
Resistance and Support Level Explanation
Resistance 1235.65 H1
Support 1228.50 H1

GOLD_, H1: Gold was traded lower following prior breakout from the previous support level at 1235.65. MACD which illustrate bearish bias momentum suggest the commodity to extend its losses toward the support level at 1228.50.

Resistance level: 1235.65, 1240.60

Support level: 1228.50, 1223.54