GCMAsia - GOLD
GOLD
2018-09-12
| Resistance and Support | Level | Explanation |
| Resistance | 1196.00 | H1 |
| Support | 1191.10 | H1 |
GOLD, H1: Gold price was traded lower following prior breakout below the previous support level 1196.00. Recent price action and MACD which illustrate bearish momentum and the formation of a death cross suggest the commodity to extend its losses towards the support level 1191.10.
Resistance level: 1196.00, 1198.95
Support level: 1191.10, 1186.80