Gold, May 30

Posted By: ICN.COMon: May 30, 2016In: Technical Analysis

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						Negative signs appeared on ADX and moving averages, while RSI trades negatively near 30.00 levels along with approaching the psychological level of 1200.00.

In fact, trading below 1219.00 would extend the bearishness, while trading below 1205.00 is negative according to Fibonacci rules.

Targets reside at 1178.00-1175.00., but risk is high now; thus, we will us smaller quantities.

Support: : 1200.00 – 1190.00 – 1174.00

Resistance: 1230.00 – 1235.00 – 1347.00

Direction:Bearish

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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
4,450.20	4,120.20
1oz ABC Bullion Cast Bar
3,691.50	3,371.50
100g ABC Bullion Bar
11,820.20	10,890.20
1kg ABC Bullion Silver
1,449.90	1,099.90