GCMAsia - GOLD
GOLD_
2017-04-18
| Resistance and Support | Level | Explanation |
| Resistance | 1290.00 | H1 |
| Support | 1283.90 | H1 |
GOLD_, H1: Gold price was traded lower following prior retracement from the 60-moving average line (green). Referring to both of the MA lines which continues to narrow downwards and may form an imminent death cross, gold price is expected to advance further down after a successful closure below the strong support level of 1283.90.
Resistance level: 1290.00, 1295.35
Support level: 1283.90, 1276.85