GCMAsia - GOLD
GOLD_
2017-04-27
| Resistance and Support | Level | Explanation |
| Resistance | 1267.40 | H4 |
| Support | 1260.85 | H4 |
GOLD_, H4: Gold price remains traded within a downward channel while recently retraced from the 20-moving average line (red). Due to the downward expansion of both MA lines after the formation of death cross, gold price is expected to advance further down, towards the support level of 1260.85.
Resistance level: 1267.40, 1274.00
Support level: 1260.85, 1251.45