GCMAsia - GOLD
GOLD_
2017-08-08
| Resistance and Support | Level | Explanation |
| Resistance | 1265.50 | H4 |
| Support | 1257.60 | H4 |
GOLD_, H4: Gold price pared its earlier losses following a rebound near the 23.6 Fibonacci level of 1257.60. Such price action suggests gold price to be traded higher at short-term as technical correction. Otherwise, it is suggested to long-term downside bias due to recent formation of death cross by both MA lines.
Resistance level: 1265.50, 1273.95
Support level: 1257.60, 1247.50