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GOLD 21/02/2014
2014-02-21 15:42:30


A new attempt to the upside yesterday was halted around 78.6% correction of CD Leg of the bullish harmonic AB=CD Pattern. But we will expect a new attempt to the upside today depending on the bullish pattern, in addition to the positivity confirmed by Linear Regression Indicators.

Despite that trading above 1293.00 is positive, we will count today on 1305.00 over intraday basis to keep our positive expectations, whereas breaking the referred to level might lead to testing the psychological levels 1300.00 and perhaps further bearishness towards 61.8% correction as showing on graph.
 
 
Support 1312.00 1310.00 1305.00 1300.00 1296.25
Resistance 1323.20 1330.00 1335.00 1341.10 1350.50
Recommendation

Long above 1312.00 with targets at 1323.20, 1330.00 then 1341.00, with stop-loss below 1305.00.





TIME
Sydney Tokyo Ha Noi HongKong LonDon NewYork
Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
5,241.504,821.50
1oz ABC Bullion Cast Bar
4,343.903,943.90
100g ABC Bullion Bar
13,932.0012,632.00
1kg ABC Bullion Silver
1,689.701,339.70
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