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Gold 10/07/2014

2014-07-10 16:15:40

The metal touched the resistance 1331.45 represented in 61.8% correction then reboounded to the downside. Stability below the referred to resistance favors a bearish correction today, whereas the price failed several times earlier to breach the referred to resistance, and we will benefit from Risk/Reward Ratios and suggest a downside move that remains valid by stabilizing below the resistance. A break below 1314.00 later extends bearishness, but trading above 1333.00 will make us reconsider our expectations and become positive targeting 1356.20.


Support	1324.35	1318.10	1314.00	1309.35	1305.00
Resistance	1331.50	1339.75	1348.40	1350.00	1356.25
Recommendation	Based on the above, sell gold below 1330.00 targeting 1324.35, 1314.00, then 1309.35 and stop-loss above 1333.00.

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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