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GCMAsia - GOLD
GOLD_
GOLD_
2017-08-30
Resistance and Support Level Explanation
Resistance 1316.30 H4
Support 1308.75 H4

GOLD_, H4: Gold price was traded higher following a rebound near the support level of 1308.25. Both MA lines which continues to expand upwards suggests gold price to extend its gains, towards the target of resistance level at 1316.30.

 

Resistance level: 1316.30, 1325.80

Support level: 1308.75, 1297.40