GCMAsia - GOLD
GOLD_
2018-07-17
| Resistance and Support | Level | Explanation |
| Resistance | 1242.20 | H1 |
| Support | 1238.40 | H1 |
GOLD_, H1: Gold price remains traded within a descending triangle while recently retraced from the mid-level. Stochastic Oscillator which illustrate a retracement signal from the overbought regions suggests gold price to be traded lower. However, a break below 1238.40 is required to validate such bias.
Resistance level: 1242.20, 1248.20
Support level: 1238.40, 1233.70