GCMAsia - GOLD
GOLD_
2017-10-06
| Resistance and Support | Level | Explanation |
| Resistance | 1272.55 | H1 |
| Support | 1267.75 | H1 |
GOLD_, H1: Gold price was traded higher prior its rebound from support level at 1267.75. Formation of hammer price pattern and MACD signal line which diverts upward suggests possible short-term bullish momentum for the price to trade higher toward the resistance level at 1272.55.
Resistance level: 1272.55, 1278.25
Support level: 1267.75, 1258.30