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Direction: Bearish below 1262.00, targeting 1252.00 and 1240.00 as long as the price trading below 1280.00
2016-06-22 14:56:10

Gold, 22-06-2016

Gold price fell, forming a bearish candlestick after the break of 1280.00 achieved, and stability below the mentioned level considers negative. However, we will need to see a break of 1263.00 support level to prove the negative stretch.

GOLD@Daily

There are signs of weakness appear on each of ADX and RSI indicators, and these signals are supportive for the possibility of more bearishness. However, at the same time, we stress that the negativity requires a breaking 1263.00 support level, presented by 61.8% Fibonacci retracement, which has also resides near simple moving average 20, trading back above 1280.00 will weaken negative prospect.

  • Support: :1263.00 – 1251.00 – 1240.00
  • Resistance: 1275.00 – 1281.00 – 1292.00

Direction: Bearish below 1262.00, targeting 1252.00 and 1240.00 as long as the price trading below 1280.00

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TIME
Sydney Tokyo Ha Noi HongKong LonDon NewYork
Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
3,017.402,849.40
1oz ABC Bullion Cast Bar
2,512.402,362.40
100g ABC Bullion Bar
7,975.807,615.80
1kg ABC Bullion Silver
1,159.20969.20
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