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291018 GOLD

by | Oct 29, 2018 | GOLD | 0 comments

GCMAsia - GOLD
GOLD_
GOLD_
2018-10-29
Resistance and Support Level Explanation
Resistance 1233.30 H1
Support 1230.00 H1

GOLD_, H1: Gold price was traded lower while currently testing at the bottom level of narrowing triangle. MACD which illustrate bearish signal suggests the commodity price to extend its losses after breaking the bottom level of the triangle.

 

Resistance level: 1233.30, 1238.35

Support level: 1230.00, 1225.00