GCMAsia - GOLD
GOLD_
2018-06-20
| Resistance and Support | Level | Explanation |
| Resistance | 1275.80 | H1 |
| Support | 1264.00 | H1 |
GOLD_, H1: Gold price extended losses following prior closure below the support level at 1275.80. However, MACD histogram which illustrate diminishing downward momentum may suggest its price to be traded higher in short-term as technical correction before continuing its major bearish bias.
Resistance level: 1275.80, 1285.20
Support level: 1264.00, 1260.00