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080518 GOLD

by | May 8, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-05-08
Resistance and Support Level Explanation
Resistance 1316.40 H1
Support 1310.50 H1

GOLD_, H1: Gold price was traded lower prior retracement from resistance level at 1316.40. A lack of significant indication from both MACD and candlestick pattern would suggest to wait for confirmation breakout to grasp the next movement of the safe-haven asset price in short-term.

Resistance level: 1316.40, 1323.20

Support level: 1310.50, 1304.60