GCMAsia - GOLD
GOLD_
2017-04-06
| Resistance and Support | Level | Explanation |
| Resistance | 1261.10 | H4 |
| Support | 1251.90 | H4 |
GOLD_, H4: Gold price was traded higher following prior rebound from the strong support level near 1242.45. However, as the MACD indicator begins to hover outside of upward momentum, gold price is expected to be traded lower in short-term as brief retracement period. Otherwise, long-term trend direction suggests gold price to advance further upwards and retest near the strong resistance level of 1261.10.
Resistance level: 1261.10, 1268.50
Support level: 1251.90, 1242.45