Live Rates Powered By:

AUDUSD

NZDUSD

EURUSD

GBPUSD

USDJPY

USDCAD

Direction: Bullish attempt

2016-05-16 17:02:58

Gold, May 16

Posted By: ICN.COMon: May 16, 2016In: Technical Analysis

						Gold tries to incline, reinforced by moving above the main support of the bullish direction and above 61.8% Fibonacci at 1.1259.

Trading above this level is positive and would extend the bullishness, while a break above 1281.00 will accelerate.

Support: 1265.00 – 1259.00 – 1250.00

Resistance: 1281.00 – 1295.00 – 1300.00

Direction: Bullish attempt

Tags:

Gold

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
6,634.50	6,084.50
1oz ABC Bullion Cast Bar
5,531.00	4,981.00
100g ABC Bullion Bar
17,564.90	15,964.90
1kg ABC Bullion Silver
2,015.90	1,620.90

» Wall Street stays cautious on gold, Main Street grows more optimistic with Fed-moving inflation data mid-week (2025-06-07 16:46:33)

» Wall Street and Main Street adopt a cautious posture on gold prices next week with payrolls data on deck (2025-05-31 06:44:29)

» Gold isn’t out of the woods just yet, but its bullish potential remains (2025-05-16 06:33:05)

» Gold gains, the dollar weakens as inflation cools to a four-year low (2025-05-14 07:06:00)

» Wall Street balanced between bulls, bears, and the fence, Main Street maintains bullish bias with tariffs and inflation in focu (2025-05-10 09:59:17)

» The price gap between oil and gold points to a recession and $4,000 gold - Bloomberg’s Mike McGlone (2025-05-07 08:35:35)

» Gold surges ahead of Fed meeting, silver and platinum prices struggle to regain key support - FX Empire’s Zernov (2025-05-06 08:26:08)

» Gold prices hold above $3,300 amid economic concerns: Where are prices headed? (2025-04-30 08:37:50)

» With gold sentiment peaking, it may be silver’s time to shine - NDR’s Bauer (2025-04-29 06:13:03)

» Bearish turn on Wall Street and Main Street after multi-session gold selloff saps metal’s momentum (2025-04-26 05:50:48)

» Gold prices drop 6% from all-time highs, but the rally is far from over (2025-04-26 05:45:38)

» Investors should be more nervous about equity markets than gold above $3,000 - Sprott’s Ryan McIntyre (2025-04-25 06:32:26)

» Gold hits $3,500 as dollar trust erodes, Fed pressure mounts, Axel Merk warns of ‘mania of our policymakers’ (2025-04-23 07:03:02)

» Wall Street experts and Main Street investors grow more cautious with gold above $3,300/oz but still bullish on balance (2025-04-19 07:07:19)

» Gold is overbought, but remains well supported as US dollar weakens (2025-04-18 06:06:52)

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

Slideshow

© 2011 Copyright By Ngoc Thanh NTGold. All Rights Reserved.
Powered by: Ngoc Thanh NTGold

Online: 260
Today: 3685
Total: 5860983