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GCMAsia - GOLD
GOLD_
GOLD_
2018-12-14
Resistance and Support Level Explanation
Resistance 1242.05 H1
Support 1238.15 H1

GOLD_, H1: Gold was traded lower following prior breakout below the previous support level at 1242.05. MACD which illustrate bearish momentum suggest the commodity to extend its losses toward the support level at 1238.15.

Resistance level: 1242.05, 1246.05

Support level: 1238.15, 1234.50