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GCMAsia - GOLD
GOLD
GOLD
2018-10-08
Resistance and Support Level Explanation
Resistance 1197.90 H4
Support 1191.10 H4

GOLD_, H4: Gold price was traded lower following prior breakout below the previous support level 1197.90. MACD which illustrate bearish momentum and the formation of a death cross suggest the commodity to extend its losses towards the support level 1191.10.

 

Resistance level: 1197.90, 1203.30

Support level: 1191.10, 1185.35