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GCMAsia - GOLD
GOLD
GOLD
2019-01-15
Resistance and Support Level Explanation
Resistance 1295.00 H4
Support 1285.00 H4

GOLD_, H4: Gold price remains traded within a narrowing triangle while currently testing at the lower bottom level of the triangle. Due to lack of signal from the MACD, a breakout below or rebound from the bottom level of the triangle is required for further confirmation before entering the market.

 

Resistance level: 1295.00, 1305.00

Support level: 1285.00, 1275.00