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GCMAsia - GOLD
GOLD
GOLD
2018-10-19
Resistance and Support Level Explanation
Resistance 1230.20 H4
Support 1225.05 H4

GOLD_, H4: Gold price remain traded in a sideway channel after rebounding from the support level 1225.05. Due to lack of signal from the MACD, a breakout outside the sideway channel is required to obtain further confirmation before entering the market.

 

Resistance level: 1230.20, 1236.50

Support level: 1225.05, 1217.80