GCMAsia - GOLD
GOLD_
2017-04-20
| Resistance and Support | Level | Explanation |
| Resistance | 1281.25 | H1 |
| Support | 1277.20 | H1 |
GOLD_, H1: Gold price remains traded within a downward channel following prior retracement from the 20-moving average line (red). As both lines continue to expand downwards, gold price is expected to advance further down, towards the target of support level at 1277.20.
Resistance level: 1281.25, 1285.85
Support level: 1277.20, 1271.70