GCMAsia - GOLD
GOLD_
2017-08-22
| Resistance and Support | Level | Explanation |
| Resistance | 1292.05 | H4 |
| Support | 1282.00 | H4 |
GOLD_, H4: Gold price was traded lower following prior retracement from the strong resistance level of 1292.05. A closure below the 20-MA line (red) would suggest gold price to extend further down, towards the target of support level at 1282.00.
Resistance level: 1292.05, 1300.00
Support level: 1282.00, 1271.90