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GCMAsia - GOLD
GOLD_
GOLD_
2018-12-19
Resistance and Support Level Explanation
Resistance 1253.00 H4
Support 1242.10 H4

GOLD_, H4: Gold price was traded higher following prior rebound from the support level near 1237.25. However, MACD which illustrate diminishing upward momentum suggests its prices to be traded lower in short-term as technical correction.

Resistance level: 1253.00, 1263.20

Support level: 1242.10, 1237.25