GCMAsia - GOLD
GOLD_
2017-03-28
| Resistance and Support | Level | Explanation |
| Resistance | 1260.00 | H4 |
| Support | 1250.30 | H4 |
GOLD_, H4: Gold price was traded lower following a retrace from previous high of 1260.00. Referring to the MACD indicator which begins to hover outside of upward momentum, gold price is expected to experience brief retracement period and to be traded lower in the short-term. Long-term trend direction suggests the extension of prior uptrend.
Resistance level: 1260.00, 1269.10
Support level: 1250.30, 1240.80