GCMAsia - GOLD
GOLD_
2018-07-12
| Resistance and Support | Level | Explanation |
| Resistance | 1242.20 | H1 |
| Support | 1238.40 | H1 |
GOLD_, H1: Gold price was traded higher following prior rebound while currently testing near 1242.20. MACD histogram which illustrate diminishing downward momentum may suggest the commodity price to be traded higher in short-term as technical correction. Otherwise, major trend still skewed towards bearish bias.
Resistance level: 1242.20, 1248.20
Support level: 1238.40, 1233.70