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GCMAsia - GOLD
GOLD_
GOLD_
2017-06-20
Resistance and Support Level Explanation
Resistance 1245.40 H4
Support 1231.65 H4

GOLD_, H4: Gold price has extended its losses following the downward expansion of both MA lines while heading downwards. Recent closure below the support level of 1245.40 suggests further downward bias for gold price to move further down towards the next target at 1231.65.

 

Resistance level: 1245.40, 1255.05

Support level: 1231.65, 1214.15

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