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200718 GOLD

by | Jul 20, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-07-20
Resistance and Support Level Explanation
Resistance 1226.50 H1
Support 1222.00 H1

GOLD_, H1: Gold price was traded lower following prior retrace from the downward trendline. MACD which illustrate diminishing upward momentum suggests the commodity price to extend its losses after closing below 1222.00.

 

Resistance level: 1226.50, 1233.70

Support level: 1222.00, 1216.00