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GCMAsia - GOLD
GOLD_
GOLD_
2017-08-29
Resistance and Support Level Explanation
Resistance 1320.80 Daily
Support 1305.00 Daily

GOLD_, Daily: Gold price extended gains following prior rebound from the support level of 1278.45. MACD histogram which illustrate positive divergence signal suggests gold price to move further upwards after successfully closing above the resistance level of 1320.80.

 

Resistance level: 1320.80, 1350.00

Support level: 1305.00, 1278.45