GCMAsia - GOLD
GOLD_
2017-05-26
| Resistance and Support | Level | Explanation |
| Resistance | 1263.00 | H4 |
| Support | 1253.80 | H4 |
GOLD_, H4: Gold price remained traded within an ascending triangle while currently testing at the support level of 1253.80. A successful rebound from this level would suggest gold price to advance further up towards the upper level of the triangle in short-term. Long-term trend direction could only be determined after a successful breakout from either side of the triangle.
Resistance level: 1263.00, 1271.00
Support level: 1253.80, 1246.00