GCMAsia - GOLD
GOLD_
2017-07-11
| Resistance and Support | Level | Explanation |
| Resistance | 1218.00 | H4 |
| Support | 1207.00 | H4 |
GOLD_, H4: Gold price were traded within the downward channel while recently retraced prior to the 20-moving average line (red). Stochastic Oscillator which begins to illustrate retracement signal from the overbought level suggests gold price to extend its downward momentum towards the support level of 1207.00.
Resistance level: 1218.00, 1230.00
Support level: 1207.00, 1197.00