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Direction: Bullish above 1303.00, targeting 1365.00 and 1400.00 as long as the price trading above 1280.00
2016-06-24 20:25:31

Gold, 24-06-2016

A significant rise in gold price accompanied with a positive crossover on the ADX, this is also accompanied by trading above the psychological barrier of $ 1300.00. However, the key resistance today will be $ 1331.00.

GOLD@Daily

Trading above 1331.00 will be a reason for the extension of the upside trend, and despite the fact that stability above the psychological barrier of 1300.00 is positive, but stability above 1331.00 will confirm targeting 1367.00 – 1368.00. Breakthrough price of 1368.00 will open the way for the arrival of the price of $ 1400.00 and possibly 1407.00. However, Breaching down 1291.00 for any reason will cancel the negative. A very big risk and turbulence and large movement is expected, and that may leads us to recommend avoid trading in gold for those unable to accept high risk.

  • Support:1303.00 – 1291.00 – 1280.00
  • Resistance: 1331.00 – 1368.00 – 1407.00

Direction: Bullish above 1303.00, targeting 1365.00 and 1400.00 as long as the price trading above 1280.00

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TIME
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Prices By NTGOLD
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37.5g ABC Luong Bar
3,032.302,864.30
1oz ABC Bullion Cast Bar
2,524.802,374.80
100g ABC Bullion Bar
8,015.607,655.60
1kg ABC Bullion Silver
1,165.60975.60
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