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090119 GOLD_

by | Jan 9, 2019 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2019-01-09
Resistance and Support Level Explanation
Resistance 1289.70 H1
Support 1282.65 H1

GOLD_H1: Gold was traded higher following prior breakout above the previous resistance level at 1282.65. However, MACD which illustrate diminishing bullish momentum suggest the commodity to undergo technical correction in short term toward the support level at 1282.65.

Resistance level: 1289.70, 1296.95

Support level: 1282.65, 1277.10