GCMAsia - GOLD
GOLD_
2017-05-23
| Resistance and Support | Level | Explanation |
| Resistance | 1264.15 | H4 |
| Support | 1254.50 | H4 |
GOLD_, H4: Gold price regained its upward momentum following prior rebound from the 20-moving average line (red). With regards to the MACD histogram which begins to illustrate upward signal, a closure above the strong resistance level of 1264.15 would suggest an extension of upward momentum for gold price.
Resistance level: 1264.15, 1277.85
Support level: 1254.50, 1244.85