GCMAsia - GOLD
GOLD_
2017-04-10
| Resistance and Support | Level | Explanation |
| Resistance | 1261.50 | Daily |
| Support | 1239.10 | Daily |
GOLD_, Daily: Gold price was traded within an ascending triangle following prior retracement from the strong resistance level of 1261.50. Referring to both moving average line which continues to expand further upwards, gold price is suggested to advance further up and retest near the resistance level of 1261.50. A breakout from the top level of ascending triangle would signal a change in trend direction to move further upwards thereafter.
Resistance level: 1261.50, 1284.20
Support level: 1239.10, 1217.75