GCMAsia - GOLD
GOLD_
2017-10-20
| Resistance and Support | Level | Explanation |
| Resistance | 1291.00 | H1 |
| Support | 1283.45 | H1 |
GOLD_, H1: Gold price was traded lower prior retracement from resistance level at 1291.00 and resistance by 200-MA line. Formation of death-cross by MACD signal line suggests gold price to undergo short-term technical correction to trade lower toward the support level at 1283.45.
Resistance level: 1291.00, 1297.60
Support level: 1283.45, 1278.40