GCMAsia - GOLD
|Resistance and Support||Level||Explanation|
GOLD_, H1: Gold price has extended its gains following prior formation of golden cross by both moving average line. Recent closure above the 23.6 Fibonacci level of 1250.10 suggests gold price to advance further up towards the target of resistance level at 1256.00.
Resistance level: 1256.00, 1260.70
Support level: 1250.10, 1247.00