GCMAsia - GOLD
GOLD_
2017-08-16
| Resistance and Support | Level | Explanation |
| Resistance | 1282.00 | H4 |
| Support | 1271.90 | H4 |
GOLD_, H4: Gold price was held steady following prior rebound from the support level of 1271.90. Such price action suggests its prices to be traded higher in short-term as retracement. Otherwise, a closure below the level of 1271.90 would suggest an extension to its downside bias.
Resistance level: 1282.00, 1292.05
Support level: 1271.90, 1265.50