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170518 GOLD

by | May 17, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-05-17
Resistance and Support Level Explanation
Resistance 1295.70 H1
Support 1290.00 H1

GOLD_, H1: Gold price was traded higher after breaking resistance level at 1290.00. However, MACD signal line that is about to form a death-cross would indicate the safe-haven asset price to extend its losses if breakout at the previous high is successful.

Resistance level: 1295.70, 1301.20

Support level: 1290.00, 1285.90