GCMAsia - GOLD
GOLD
2017-03-22
| Resistance and Support | Level | Explanation |
| Resistance | 1247.60 | H4 |
| Support | 1238.40 | H4 |
GOLD_, H4: Gold price extended its uptrend following prior rebound from the 20-moving average line (red). Referring to the MACD histogram which illustrates upward signal and momentum above the threshold of 0, gold price is expected to move further upwards after a successful breakthrough from the resistance level of 1247.60.
Resistance level: 1247.60, 1260.10
Support level: 1238.40, 1224.60