GCMAsia - GOLD
GOLD_
2017-05-22
| Resistance and Support | Level | Explanation |
| Resistance | 1263.15 | Daily |
| Support | 1240.70 | Daily |
GOLD_, Daily: Gold price remains traded within a narrow triangle while currently testing near the top level of the triangle. A retracement from this level would suggest gold price to be traded lower in short-term, towards the target of support level at 1240.70. Otherwise, a breakout would signal gold price to experience a change in trend direction to move further upwards thereafter.
Resistance level: 1263.15, 1295.80
Support level: 1240.70, 1216.60