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GCMAsia - GOLD
GOLD_
GOLD_
2017-06-13
Resistance and Support Level Explanation
Resistance 1276.65 H4
Support 1264.70 H4

GOLD_, H4: Gold price was traded lower following prior formation of death cross by both moving average line. The formation suggests a further downside bias for gold price to extend its losses after breaking the strong support level of 1264.70.

 

Resistance level: 1276.65, 1295.95

Support level: 1264.70, 1255.05