GCMAsia - GOLD
GOLD_
2017-08-14
| Resistance and Support | Level | Explanation |
| Resistance | 1295.00 | Daily |
| Support | 1281.10 | Daily |
GOLD_, Daily: Gold price halts its ascend following prior retracement before the resistance level of 1295.00. The price movement suggests gold price to be traded lower in short-term as technical correction towards the direction of support level at 1281.10. Otherwise, long-term trend direction still remains as upside bias while both MA lines continues to expand further up.
Resistance level: 1295.00, 1307.00
Support level: 1281.10, 1270.35