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180517 GOLD

by | May 18, 2017 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2017-05-18
Resistance and Support Level Explanation
Resistance 1264.35 H4
Support 1254.75 H4

GOLD_, H4: Gold price extended its gains following prior breakthrough of 50.0 Fibonacci level at 1254.75. With regards to MACD histogram that shows substantial upward signal, a closure above the resistance level of 1264.35 would suggest an extension of uptrend.

 

Resistance level: 1264.35, 1278.00

Support level: 1254.75, 1245.15