GCMAsia - GOLD
GOLD
2018-12-19
| Resistance and Support | Level | Explanation |
| Resistance | 1258.00 | H4 |
| Support | 1265.00 | H4 |
GOLD_, H4: Gold was traded higher following recent breakout above the previous resistance level 1249.50. However, MACD which illustrate diminishing bearish momentum with the formation of bearish divergence suggest the commodity to be traded lower as a short-term technical correction towards back below previous resistance level 1249.50
Resistance level: 1258.00, 1265.00
Support level: 1249.50, 1241.80