GCMAsia - GOLD
GOLD_
2017-04-28
| Resistance and Support | Level | Explanation |
| Resistance | 1267.45 | H4 |
| Support | 1260.85 | H4 |
GOLD_, H4: Gold price remains traded within a narrowing triangle while currently testing near the bottom level of the triangle. A successful breakout from this level would signal a change in trend direction to move further downwards. Otherwise, a rebound from this level would suggest gold price to be traded higher within the triangle in short-term thereafter.
Resistance level: 1267.45, 1274.00
Support level: 1260.85, 1251.45