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GCMAsia - GOLD
GOLD_
GOLD_
2017-09-29
Resistance and Support Level Explanation
Resistance 1297.05 Daily
Support 1260.40 Daily

GOLD_, Daily: Gold price was traded lower prior breaking below support level at 1297.05. Downward slope of MACD signal line suggests gold price to further its losses toward the resistance by 200-MA line around 1260.40.

Resistance level: 1297.05, 1341.80

Support level: 1260.40, 1249.70