GCMAsia - GOLD
GOLD_
2018-11-27
| Resistance and Support | Level | Explanation |
| Resistance | 1228.15 | H1 |
| Support | 1220.45 | H1 |
GOLD_, H1: Gold was traded lower in the sideway channel following prior retracement from the resistance level at 1228.15. However, MACD which illustrate diminishing bearish momentum suggest the commodity to be traded higher in short term toward the resistance level at 1228.15.
Resistance level: 1228.15, 1235.65
Support level: 1220.45, 1215.40