GCMAsia - GOLD
GOLD_
2017-07-13
| Resistance and Support | Level | Explanation |
| Resistance | 1220.00 | H4 |
| Support | 1207.00 | H4 |
GOLD_, H4: Gold price extended its gains following prior rebound from the 20-MA line (red) while currently testing at the resistance level of 1220.00. A successful closure above this level would suggest gold price to extend its upward momentum in short-term and head towards the top level of the downward channel.
Resistance level: 1220.00, 1230.00
Support level: 1207.00, 1197.00