GCMAsia - GOLD
GOLD_
2017-05-11
| Resistance and Support | Level | Explanation |
| Resistance | 1224.65 | H4 |
| Support | 1214.10 | H4 |
GOLD_, H4: Gold price was traded lower following prior retracement from the resistance level of 1224.65. However, as the MACD indicator continues to drift outside of downward momentum, gold price may extend its technical retracement and to be traded higher in short-term. Long-term trend direction still suggests gold price to move further downwards as both MA line continues to expand downwards.
Resistance level: 1224.65, 1236.45
Support level: 1214.10, 1202.30