GCMAsia - GOLD
GOLD_
2017-03-23
| Resistance and Support | Level | Explanation |
| Resistance | 1250.00 | H4 |
| Support | 1238.40 | H4 |
GOLD_, H4: Gold price was traded lower following prior unsuccessful attempt to close higher than the strong resistance level of 1250.00. Thus, recent retracement would suggest gold price to experience brief retracement period and could be traded lower in the short-term. Long-term trend direction still suggests gold price to extend its uptrend due to upward expansion of both MA lines.
Resistance level: 1250.00, 1260.10
Support level: 1238.40, 1224.60