GCMAsia - GOLD

GOLD_
2017-07-06
| Resistance and Support | Level | Explanation |
| Resistance | 1228.00 | H1 |
| Support | 1222.30 | H1 |

GOLD_, H1: Gold price extended gains following prior closure above the 60-moving average line (green). Both MA lines which continues to narrow upwards suggests gold price to move further up and retest at the strong resistance level of 1228.00.
Resistance level: 1228.00, 1235.00
Support level: 1222.30, 1217.00