GCMAsia - GOLD
GOLD_
2017-04-26
| Resistance and Support | Level | Explanation |
| Resistance | 1265.25 | H1 |
| Support | 1261.50 | H1 |
GOLD_, H1: Gold price was traded higher following prior rebound from the support level of 1261.50. As the MACD indicator begins to hover outside of downward momentum, gold price may be traded higher in short-term as technical correction. Otherwise, the downward expansion of both MA lines suggests gold price to extend its losses for long-term.
Resistance level: 1265.25, 1269.20
Support level: 1261.50, 1257.00