GCMAsia - GOLD
GOLD_
2018-05-07
| Resistance and Support | Level | Explanation |
| Resistance | 1325.00 | Daily |
| Support | 1310.00 | Daily |
GOLD_, Daily: Gold price re-enters into the sideways channel following prior rebound and closure above the support level at 1310.00. MACD histogram which illustrate diminishing downward momentum may suggest the commodity price to extend its gains after closing above the 20-MA line (red) near 1325.00.
Resistance level: 1325.00, 1340.00
Support level: 1310.00, 1295.00