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GCMAsia - GOLD
2018-08-23
Resistance and Support Level Explanation
Resistance 1192.00 H1
Support 1185.00 H1

GOLD_, H1: Gold price was traded lower following prior breakout below the previous support level 1192.00. Price action and MACD which illustrate bearish signal suggest the pair to extend its losses towards the support level 1185.00.

 

Resistance level: 1192.00, 1198.00

Support level: 1185.00, 1177.00