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GCMAsia - GOLD
GOLD
GOLD
2018-12-26
Resistance and Support Level Explanation
Resistance 1274.00 H1
Support 1267.00 H1

GOLD_, H1: Gold price was traded higher while currently testing near the resistance level 1274.00. MACD which display diminishing bullish momentum suggest the commodity to undergo short-term technical correction and retrace from the resistance level.

 

Resistance level: 1274.00, 1280.00

Support level: 1267.00, 1262.90