GCMAsia - GOLD
GOLD_
2018-06-26
| Resistance and Support | Level | Explanation |
| Resistance | 1270.00 | H1 |
| Support | 1264.00 | H1 |
GOLD_, H1: Gold price remains traded within a narrowing triangle while currently testing at the bottom level. MACD histogram which illustrate diminished downward momentum suggests the pair to extend its gains in short-term after closing above the 20-MA line (red). Long-term trend direction can only be determined following a successful breakout from either side of the triangle.
Resistance level: 1270.00, 1275.80
Support level: 1264.00, 1260.00