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GCMAsia - GOLD
GOLD_
GOLD_
2017-07-17
Resistance and Support Level Explanation
Resistance 1232.00 Daily
Support 1217.00 Daily

GOLD_, Daily: Gold price extended its gains following prior rebound near the support level of 1217.00. Recent closure above the 20-MA line (red) suggests gold price to extend its upward momentum after successfully closing above the resistance level of 1232.00.

 

Resistance level: 1232.00, 1247.00

Support level: 1217.00, 1200.00