GCMAsia - GOLD
GOLD_
2018-04-09
| Resistance and Support | Level | Explanation |
| Resistance | 1340.00 | Daily |
| Support | 1312.00 | Daily |
GOLD_, Daily: Gold price remains traded within a sideways channel while currently testing at the mid-threshold. Recent retracement from the resistance level of 1340.00 suggests some bearish bias. Thus, a closure below the 20-MA line (red) would provide further clarification. Otherwise, long-term trend direction could only be determined after a successful breakout from either side of the channel.
Resistance level: 1340.00, 1353.70
Support level: 1312.00, 1295.00