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200717 GOLD

by | Jul 20, 2017 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2017-07-20
Resistance and Support Level Explanation
Resistance 1240.00 H1
Support 1235.00 H1

GOLD_, H1: Gold price was traded lower following prior retracement from the previous high at 1244.35. Recent closure below the 60-MA line (green) while coupled with downward signal from MACD histogram suggests gold price to extend its losses towards the target at 1235.00.

 

Resistance level: 1240.00, 1244.35

Support level: 1235.00, 1229.20