GCMAsia - GOLD
GOLD_
2018-07-18
| Resistance and Support | Level | Explanation |
| Resistance | 1233.70 | H1 |
| Support | 1226.50 | H1 |
GOLD_, H1: Gold price was traded lower following prior breakout from the bottom level of sideways channel. However, MACD histogram which illustrate diminishing downward momentum suggests the commodity price to be traded higher in short-term as technical correction before extending its bearish trending.
Resistance level: 1233.70, 1238.40
Support level: 1226.50, 1220.20