GCMAsia - GOLD

GOLD_
2017-09-28
| Resistance and Support | Level | Explanation |
| Resistance | 1289.45 | H1 |
| Support | 1281.00 | H1 |

GOLD_, H1: Gold prices was traded higher prior its rebound from support level at 1281.00. Formation of pin bar and upward slope of MACD histogram suggests gold prices to undergo short-term technical correction, trading higher toward the resistance level at 1289.45.
Resistance level: 1289.45, 1299.00
Support level: 1281.00, 1272.00