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GCMAsia - GOLD
GOLD
GOLD
2019-01-30
Resistance and Support Level Explanation
Resistance 1318.10 H4
Support 1305.10 H4

GOLD_, H4: Gold price was traded higher following prior breakout above the previous resistance level 1305.10. However, MACD which illustrate diminishing bullish momentum suggest the pair to undergo a short-term technical correction towards the support level 1305.10.

 

Resistance level: 1318.10, 1329.15

Support level: 1305.10, 1296.85