GCMAsia - GOLD
GOLD_
2017-10-30
| Resistance and Support | Level | Explanation |
| Resistance | 1281.00 | Daily |
| Support | 1263.00 | Daily |
GOLD_, Daily: Gold price was traded higher following prior rebound from the strong support level at 1263.00. The rebound has formed a double bottom formation while such price action suggests the commodity to be traded higher in short-term as technical correction with first target at 1281.00.
Resistance level: 1281.00, 1299.05
Support level: 1263.00, 1237.35