Gold, Mar.31

Posted By: ICN.COMon: March 31, 2016In: Technical Analysis

Print Email

Gold trades around 1227.00 –Fibonacci of 23.6%- along with decrease on the strength of the trend according to ADX reading, while RSI moves above 50.00 levels.

We will be neutral now, as far as trading remains between SMA20 and SMA50 at 1235.00 and 1207.00.

We need additional confirmations on technical indicators and now we will be neutral.

Support: 1235.00 – 1227.00 – 1220.00

Resistance: 1250.00 – 1260.00 – 1272.00

Direction: Neutral

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
4,454.10	4,124.10
1oz ABC Bullion Cast Bar
3,698.10	3,378.10
100g ABC Bullion Bar
11,827.20	10,897.20
1kg ABC Bullion Silver
1,443.20	1,093.20