GCMAsia - GOLD
GOLD_
2017-10-26
| Resistance and Support | Level | Explanation |
| Resistance | 1279.55 | H1 |
| Support | 1273.95 | H1 |
GOLD_, H1: Gold price was traded higher after breaking resistance level at 1273.95. The commodity is currently testing the next resistance level at 1279.55. Successful closure of candlestick above the said resistance level coupled with upward slope of MACD signal line suggest gold price to extend its gains toward resistance level at 1283.40.
Resistance level: 1279.55, 1283.40
Support level: 1273.95, 1268.55