GCMAsia - GOLD
GOLD_
2017-10-16
| Resistance and Support | Level | Explanation |
| Resistance | 1321.35 | Daily |
| Support | 1299.05 | Daily |
GOLD_, Daily: Gold price extended its gains following prior rebound from the support level of 1263.00 while recently closed above 60-MA line (green). Signal line from MACD histogram which continues to expand upwards suggest the commodity price to advance further upwards towards the next target at 1321.35.
Resistance level: 1321.35, 1342.00
Support level: 1299.05, 1281.00