GCMAsia - GOLD
GOLD_
2017-10-10
| Resistance and Support | Level | Explanation |
| Resistance | 1290.85 | H1 |
| Support | 1278.25 | H1 |
GOLD_, H1: Gold price was traded higher following its successful breaking above resistance level at 1278.25 and 200-MA line. Engulfing candlestick pattern and diminishing bearish momentum as portrayed by MACD histogram suggest gold price to trade higher toward the next resistance level at 1290.85.
Resistance level: 1290.85, 1298.30
Support level: 1278.25, 1272.55