Gold, May 27

Posted By: ICN.COMon: May 27, 2016In: Technical Analysis

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						The areas of 1219.00 is still providing the market with a good support after failing to stabilize above them in Asian session, while trading below 1230.00-1235.00 is negative.

A break below 1219.00 is the European and U.S. sessions will affirm and accelerate the downside actions, but we will not enter the market until gold breaches through 1219.00.

ADX shows increase in bears’ power although RSI is neutral.

Support: : 1219.00 – 1210.00 – 1200.00

Resistance: 1230.00 – 1235.00 – 1347.00

Direction:Bearish below 1219.00

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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
4,440.20	4,110.20
1oz ABC Bullion Cast Bar
3,683.20	3,363.20
100g ABC Bullion Bar
11,793.30	10,863.30
1kg ABC Bullion Silver
1,444.40	1,094.40