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150518 GOLD

by | May 15, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-05-15
Resistance and Support Level Explanation
Resistance 1316.40 H1
Support 1310.50 H1

GOLD_, H1: Gold price was traded lower after breaking 200-MA line. However, MACD signal line that hovers upward would suggest the safe-haven asset price to undergo short-term technical correction to trade higher if candlestick successfully closes above the MA line.

Resistance level: 1316.40, 1323.20

Support level: 1310.50, 1304.60