GCMAsia - GOLD
GOLD_
2017-05-15
| Resistance and Support | Level | Explanation |
| Resistance | 1229.35 | Daily |
| Support | 1208.95 | Daily |
GOLD_, Daily: Gold price was traded higher following prior rebound while traded thinly near the resistance level of 1229.35. As the downward signal from MACD histogram continues to narrow upwards, gold price may be traded higher in the short-term as technical correction. Otherwise, long-term trend direction suggests gold to extend its downward momentum as both MA lines continue to narrow downwards and may form a death cross formation.
Resistance level: 1229.35, 1254.60
Support level: 1208.95, 1188.60