GCMAsia - GOLD
![GOLD_](https://www.gcmasia.co/analysis/en/wp-content/uploads/sites/2/2016/10/GOLd-1.png)
GOLD_
2017-06-16
Resistance and Support | Level | Explanation |
Resistance | 1271.00 | Daily |
Support | 1246.00 | Daily |
GOLD_, Daily: Gold price was traded within an ascending triangle following prior retracement from the strong resistance level of 1296.00. Recent closure below the 60-moving average line (green) suggests gold price to extend its downward momentum towards the support level at 1246.00.
Resistance level: 1271.00, 1296.00
Support level: 1246.00, 1217.00