Gold, 20-06-2016

Posted By: ICN.COMon: June 20, 2016In: Technical Analysis

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						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.

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

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
4,678.80	4,328.80
1oz ABC Bullion Cast Bar
3,886.10	3,536.10
100g ABC Bullion Bar
12,379.70	11,324.70
1kg ABC Bullion Silver
1,556.30	1,206.30