GCMAsia - GOLD
GOLD_
2017-05-08
| Resistance and Support | Level | Explanation |
| Resistance | 1254.60 | Daily |
| Support | 1229.35 | Daily |
GOLD_, Daily: Gold price has recently slipped out from the bottom of upward trend line, signaling a change in trend direction to move further downwards. As the MACD histogram indicator illustrates downward signal and momentum, gold price is suggested to move further downwards after breaking the support level of 1129.35.
Resistance level: 1254.60, 1295.35
Support level: 1229.35, 1208.95