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Direction: neutral
2016-06-20 20:28:46

Gold, 20-06-2016

Gold price fall, but the decline is still within the levels of uncertain trends, as the price stability above 1280.00 and below 1303.00. Trading within the previously mentioned levels will make the risk/return ratio not suitable for us.

GOLD@Daily

RSI indicator is negative while ADX shows decreasing uptrend. Therefore, we prefer to wait a bit until confirmation of trading below t 1280.00 to prove the negativity or breaching 1303.00 to confirm bullishness before making a decision in determining the direction.

  • Support: :1280.00 – 1270.00 – 1263.00
  • Resistance: 1292.00 – 1303.00 – 1317.00

Direction: neutral

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TIME
Sydney Tokyo Ha Noi HongKong LonDon NewYork
Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
2,790.802,695.80
1oz ABC Bullion Cast Bar
2,319.402,219.40
100g ABC Bullion Bar
7,373.707,163.70
1kg ABC Bullion Silver
1,253.601,063.60
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