GCMAsia - GOLD
GOLD_
2018-05-28
| Resistance and Support | Level | Explanation |
| Resistance | 1300.00 | Daily |
| Support | 1285.95 | Daily |
GOLD_, Daily: Gold price was traded lower following prior retracement from the 20-MA line (red). Stochastic Oscillator which illustrate the formation of retrace signal from the overbought region suggests the commodity price to extend its losses, towards the direction of support level near 1285.95.
Resistance level: 1300.00, 1312.70
Support level: 1285.95, 1266.90