NTGOLD - NEWS

ការព្យាករណ៍ប្រាក់ថ្ងៃទី 21ខែ 01

2012-01-20 11:05:56

Silver

Midday Report

Silver still attempts to breach the level of 30.85, but so far the metal didn’t breach this level. We still expect an upside move, but the overbought signs seen on Stochastic could trigger heavy fluctuations and maybe downside corrections, before completing the formation of the suggested CD leg.

The trading range for today is among the key support at 28.10 and key resistance now at 32.75.

The short-term trend is to the downside with steady weekly closing below 48.50 targeting 26.65.

**New York Candlesticks**

Morning Report

Weekly Report

Support	30.50	30.30	29.90	29.5	28.85

Resistance	30.85	31.00	31.30	31.60	32.10

Recommendation	Based on the charts and explanations above, our opinion is buying silver above 29.90, and take profit in stages at (30.85 and 32.10) and stop loss with 4-hour closing below 28.85 might be appropriate

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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
4,593.50	4,243.50
1oz ABC Bullion Cast Bar
3,822.00	3,482.00
100g ABC Bullion Bar
12,195.60	11,245.60
1kg ABC Bullion Silver
1,651.90	1,301.90