GOLD 09/05/2014
2014-05-09 15:41:30
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The metal remained limited above 1285.10 yesterday keeping the positive expectations. We notice today a negative crossover on Linear Regression Indicators which contradicts with the positivity of stabilizing above 1285.10. We depended yesterday on achieving higher lows, however, as the price is stable above 1277.00 - 1276.00 strengthening the possibility of a bullish wave. Therefore, we will benefit from the appropriate Risk/Reward Ratios to suggest an upside move for today with the same stop-loss and break 1277.00. As soon as the stop-loss is achieved we will become negative. Breaching and stabilizing above 1300.00 levels is significant to confirm positivity today and the upcoming period. |
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| Support | 1285.00 | 1280.00 | 1277.90 | 1272.00 | 1266.55 |
| Resistance | 1293.00 | 1296.60 | 1300.00 | 1305.00 | 1309.35 |
| Recommendation |
Based on the above, long gold at 1290.00, targeting 1296.00, 1330.00, then 1309.00, and stop-loss below 1276.00.
In case of stop-loss, selling gold below 1276.00 targeting 1266.00 and 1260.00 then 1250.00 with stop-loss above 1296.25 levels. |
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| TIME | |||||
|---|---|---|---|---|---|
| Sydney | Tokyo | Ha Noi | HongKong | LonDon | NewYork |
| Prices By NTGOLD | ||
|---|---|---|
| We Sell | We Buy | |
| 37.5g ABC Luong Bar | ||
| 7,863.30 | 7,153.30 | |
| 1oz ABC Bullion Cast Bar | ||
| 6,577.20 | 5,877.20 | |
| 100g ABC Bullion Bar | ||
| 20,935.10 | 18,835.10 | |
| 1kg ABC Bullion Silver | ||
| 2,780.10 | 2,180.10 | |
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