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GCMAsia - GOLD
GOLD_
GOLD_
2017-09-11
Resistance and Support Level Explanation
Resistance 1350.00 Daily
Support 1320.80 Daily

GOLD_, Daily: Gold price opened with a gap following prior retracement from the resistance level of 1350.00. MACD histogram which illustrate diminishing upward momentum suggests gold price to be traded lower in short-term as technical correction. First target will be referring to 1320.80.

 

Resistance level: 1350.00, 1374.75

Support level: 1320.80, 1305.00