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GCMAsia - GOLD
GOLD_
GOLD_
2017-03-30
Resistance and Support Level Explanation
Resistance 1250.90 H1
Support 1248.50 H1

GOLD_, H1: Gold price continued to be traded within a downward channel following prior retracement from the resistance level of 1253.25. Recent closure below the strong support level of 1250.90 suggests gold price to advance further down, towards the support level of 1248.50.

 

Resistance level: 1250.90, 1253.25

Support level: 1248.50, 1245.15