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GCMAsia - GOLD
GOLD_
GOLD_
2017-07-10
Resistance and Support Level Explanation
Resistance 1217.00 Daily
Support 1200.00 Daily

GOLD_, Daily: Gold price has extended its losses following prior breakout from the bottom level of ascending triangle. Both MA lines which continues to expand downwards suggests further downward bias for gold price to extend its losses towards the target of support level at 1200.00.

 

Resistance level: 1217.00, 1232.00

Support level: 1200.00, 1180.00