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190417 GOLD

by | Apr 19, 2017 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2017-04-19
Resistance and Support Level Explanation
Resistance 1288.50 H1
Support 1283.90 H1

GOLD_, H1: Gold price remains traded within the downward channel following prior retracement from the top level of the channel. Recent closure below both moving average line suggests gold price to move further downwards, towards the target of support level at 1283.90.

 

Resistance level: 1288.50, 1295.35

Support level: 1283.90, 1276.85