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Gold 11/07/2014

2014-07-11 16:15:53

The metal managed to breach 61.8% correction at 1331.45 showing on graph, and stabilizing above it is positive and could extend the upside move further towards 1356.25 at 78.6% correction. There is a negative signal on Stochastic and MACD is showing weakness, but we will ignore these signals as long as the price is stable above the support 1331.45. A break below 1324.35 fails the upside move intraday today, while breaking 1314.00 gets the metal into a new bearish wave.


Support	1331.50	1324.35	1318.10	1314.00	1309.35
Resistance	1339.50	1348.40	1350.00	1356.25	1361.50
Recommendation	Based on the above, buy gold above 1332.00 targeting 1339.00, 1350.00, then 1356.00 and stop-loss below 1320.00.

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
8,293.30	7,594.30
1oz ABC Bullion Cast Bar
6,943.80	6,244.80
100g ABC Bullion Bar
22,092.00	20,092.00
1kg ABC Bullion Silver
3,491.80	2,842.80

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

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