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GCMAsia - GOLD
GOLD_
GOLD_
2018-12-21
Resistance and Support Level Explanation
Resistance 1263.20 H1
Support 1253.00 H1

GOLD_, H1: Gold price was traded lower following prior retracement from the resistance level near 1263.20. MACD which begins to form a death cross signal suggests the commodity price to be traded lower in short-term as technical correction.

Resistance level: 1263.20, 1270.00

Support level: 1253.00, 1242.10