GCMAsia - GOLD
GOLD
2018-08-27
| Resistance and Support | Level | Explanation |
| Resistance | 1220.00 | Daily |
| Support | 1172.50 | Daily |
GOLD_, Daily: Gold price was traded higher following recent rebound from the support level 1172.50. Price action and MACD which display bullish bias with the recent formation of golden cross suggest the commodity may extend its gains towards resistance level 1220.00.
Resistance level: 1220.00, 1284.50
Support level: 1172.50, 1123.50