GCMAsia - GOLD
GOLD_
2017-06-08
| Resistance and Support | Level | Explanation |
| Resistance | 1290.00 | H1 |
| Support | 1284.00 | H1 |
GOLD_, H1: Gold price was traded higher following prior rebound from the support level of 1284.00. However, as both moving average line continues to narrow downwards and may form an imminent death cross formation, gold price is subject to downside bias towards the target of support level at 1284.00.
Resistance level: 1290.00, 1295.50
Support level: 1284.00, 1277.40