GCMAsia - GOLD
GOLD
2017-05-24
| Resistance and Support | Level | Explanation |
| Resistance | 1257.55 | H1 |
| Support | 1250.60 | H1 |
GOLD_, H1: Gold price has recently retraced from the resistance level of 1263.60, completing a double top formation with the neckline at 1245.80. As both moving average line begins to form a death cross, a closure below the support level of 1250.60 would suggest gold price to advance further down towards the neckline thereafter.
Resistance level: 1257.55, 1263.60
Support level: 1250.60, 1245.80