GCMAsia - GOLD
GOLD_
2018-06-08
| Resistance and Support | Level | Explanation |
| Resistance | 1298.20 | H1 |
| Support | 1296.00 | H1 |
GOLD_, H1: Gold price remains traded within an ascending channel while currently testing at the bottom level. MACD histogram which illustrate downward signal suggests the commodity price to extend its losses after breaking the bottom level of the channel and target at 1296.00.
Resistance level: 1298.20, 1300.35
Support level: 1296.00, 1293.40