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GOLD 01/04/2014

2014-04-01 14:37:12

By examening the above graph, we notice that the metal managed to trade and stabilize below 50% correction at 1287.30 levels showing on graph, as stability below it is negative and might push the price to test 61.8% correction at 1262.50. Linear Regression Indicators are negative and MACD is trading in a negative bias. These catalysts indicates further bearishness today which remains valid as long as the price is stable below 1300.00 which is a psychological barrier. Of note, breaking 1262.50 extends the downside move in the upcoming period.


Support	1280.00	1277.90	1272.00	1266.55	1262.50
Resistance	1287.30	1293.00	1296.25	1300.00	1309.35
Recommendation	Based on the above, sell gold below 1285.00 targeting 1277.90, 1266.55 then 1262.50 then stop-loss above 1300.00.

Related news

Gold Pressured By Bearish Outside Markets (2016-11-01 03:50:56)
Trend Down Under at 1360.00 and 1347.00 1332.00 targets 1370.00 as long as they do not violate (2016-07-12 17:27:51)
Direction: neutral (2016-07-01 16:54:07)
Direction: neutral (2016-06-30 15:17:32)
Direction: Bullish above 1303.00, targeting 1365.00 and 1400.00 as long as the price trading above 1290.00 (2016-06-30 05:32:18)
Direction: Bullish above 1317.00, targeting 1365.00 and 1400.00 as long as the price trading above 1290.00 (2016-06-28 05:40:46)
Direction: Bullish above 1303.00, targeting 1365.00 and 1400.00 as long as the price trading above 1280.00 (2016-06-24 20:25:31)
Direction: Bearish below 1263.00, targeting 1250.00 and 1239.00 as long as the price trading below 1282.00 (2016-06-23 19:20:37)
Direction: Bearish below 1262.00, targeting 1252.00 and 1240.00 as long as the price trading below 1280.00 (2016-06-22 14:56:10)
Direction: neutral (2016-06-20 20:28:46)

TIME
Sydney	Tokyo	Ha Noi	HongKong	LonDon	NewYork

Gold Price at ABCBULLION Foreign exchange rates at CommonWealth Bank Foreign exchange rates at ANZ Bank

Prices By NTGOLD
We Sell	We Buy
37.5g ABC Luong Bar
7,866.80	7,156.80
1oz ABC Bullion Cast Bar
6,580.10	5,880.10
100g ABC Bullion Bar
20,944.50	18,844.50
1kg ABC Bullion Silver
2,780.70	2,180.70

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The process of producing gold 1) Metallurgy. 2) Metal working and check. 3) Producing.

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