GCMAsia - GOLD
GOLD_
2017-11-09
| Resistance and Support | Level | Explanation |
| Resistance | 1282.60 | H1 |
| Support | 1280.00 | H1 |
GOLD_, H1: Gold price was traded lower prior breaking support level at 1282.60. Formation of negative divergence by MACD signal line suggests gold price to extend its losses toward the support by 200-MA line and support level at 1274.00 if breakout below the support at 1280.00 is successful.
Resistance level: 1282.60, 1289.70
Support level: 1280.00, 1274.00