GCMAsia - GOLD
GOLD_
2017-10-17
| Resistance and Support | Level | Explanation |
| Resistance | 1297.60 | H1 |
| Support | 1290.20 | H1 |
GOLD_, H1: Gold price was traded higher prior its rebound from support level at 1290.20. Formation of pin bar and upward slope of MACD histogram suggest gold price to undergo short-term technical correction to trade higher toward the resistance level at 1297.60.
Resistance level: 1297.60, 1300.70
Support level: 1290.20, 1283.45