GCMAsia - GOLD
GOLD_
2018-07-24
| Resistance and Support | Level | Explanation |
| Resistance | 1226.50 | H1 |
| Support | 1222.00 | H1 |
GOLD_, H1: Gold price was traded lower following prior retracement and breakout from the upward trendline. Although both MA and MACD portrays bearish signal, a close below the support level at 1222.00 is required to attain further confirmation.
Resistance level: 1226.50, 1233.70
Support level: 1222.00, 1216.00