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GCMAsia - GOLD
GOLD_
GOLD_
2017-09-07
Resistance and Support Level Explanation
Resistance 1340.00 H4
Support 1330.00 H4

GOLD_, H4: Gold price was offered lower following a retracement from the resistance level of 1340.00. Recent closure below the 20-MA line (red) suggests further downside bias for gold price to advance towards the support level of 1330.00.

 

Resistance level: 1340.00, 1348.00

Support level: 1330.00, 1321.00