GCMAsia - GOLD
GOLD_
2017-08-07
| Resistance and Support | Level | Explanation |
| Resistance | 1259.00 | Daily |
| Support | 1247.00 | Daily |
GOLD_, Daily: Gold price were traded within a descending triangle following prior retracement from the top level. MACD histogram which begins to form a negative divergence suggests gold price to extend its downward momentum after a successful closure below the 20-MA line (red). Next target of support level is at 1247.00.
Resistance level: 1259.00, 1270.35
Support level: 1247.00, 1235.00, 1217.00