GCMAsia - GOLD
GOLD_
2017-06-30
| Resistance and Support | Level | Explanation |
| Resistance | 1250.10 | H4 |
| Support | 1243.00 | H4 |
GOLD_, H4: Gold price remained traded within a descending triangle following prior rebound from the bottom level. Recent rebound suggests upward bias for gold price in short-term to head towards the target of resistance level at 1250.10. Long-term trend direction only can be determined after a successful breakout from either side of the triangle.
Resistance level: 1250.10, 1258.90
Support level: 1243.00, 1235.95