Gold, June 03

Posted By: ICN.COMon: June 03, 2016In: Technical Analysis

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						Gold has moved within a sideways range, while 38.2% Fibonacci at 1205.00 remains an obstacle.

It should be breached to affirm the negativity on ADX and moving averages.

RSI shows bullish attempts, but it couldn’t stabilize above 1220.00. Trading between 1215.00 and 1220.00 is bearish but risky; thus, we need a break below 1205.00.

Support: : 1205.00 – 1200.00 – 1190.00

Resistance: 1219.00 – 1225.00 – 1232.00

Direction: Bearish below 12005.00 but neutral now.

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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
4,411.50	4,081.50
1oz ABC Bullion Cast Bar
3,659.30	3,339.30
100g ABC Bullion Bar
11,716.80	10,786.80
1kg ABC Bullion Silver
1,436.30	1,086.30