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GCMAsia - GOLD
GOLD_
GOLD_
2018-07-31
Resistance and Support Level Explanation
Resistance 1226.50 H1
Support 1222.00 H1

GOLD_, H1: Gold price remains traded within a narrowing triangle while currently testing at the upper level. Due to the lack of signal from recent price action and MACD, it is suggested to wait until further signal has emerged before entering the market.

 

Resistance level: 1226.50, 1230.00

Support level: 1222.00, 1219.00