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210518 GOLD

by | May 21, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-05-21
Resistance and Support Level Explanation
Resistance 1300.00 Daily
Support 1285.95 Daily

GOLD_, Daily: Gold price advanced further down following prior closure below the support level of 1300.00. Both MA line which continues to expand downwards suggests the commodity price to extend its losses after closing below the support level of 1285.95.

 

Resistance level: 1300.00, 1312.70

Support level: 1285.95, 1266.90