GCMAsia - GOLD
GOLD_
2017-03-29
| Resistance and Support | Level | Explanation |
| Resistance | 1252.80 | H1 |
| Support | 1247.85 | H1 |
GOLD_, H1: Gold price was traded lower following prior formation of death cross by both moving average line while currently testing at the support level of 1247.85. As the downward signal line from MACD histogram continues to expand downwards, gold price is expected to extend its downward momentum after breaking the support level of 1247.85.
Resistance level: 1252.80, 1260.90
Support level: 1247.85, 1243.80