GCMAsia - GOLD
GOLD_
2017-08-23
| 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 20-MA line (red). Referring to the MACD histogram which illustrates negative divergence suggests gold price to extend its losses after successfully closing below the strong support level of 1282.00.
Resistance level: 1292.05, 1300.00
Support level: 1282.00, 1271.90