GOLD 24/02/2014
2014-02-24 16:20:13
The price stabilized above 1323.20 which is positive, as consolidating above this level might extend the upside move as per the technical harmonic analysis. 1323.20 level is the first extended target at 78.6% correction of CD Leg of the bullish harmonic AB=CD Pattern showing on graph. The second target resides at 1341.00 at 88.6% correction, as breaching it might extend bullishness towards top C at 1361.50. Only breaking 1293.20 will fail the positive outlook. For this week, we will depend on the psychological level 1300.00, while stabilizing above it will be positive. |
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Support | 1323.20 | 1307.00 | 1300.00 | 1296.00 | 1293.20 |
Resistance | 1330.00 | 1335.00 | 1341.10 | 1350.00 | 1361.50 |
Recommendation |
Long above 1323.20 with targets at 1330.00, 1341.10 then 1361.50, with stop-loss below 1296.00. |
TIME | |||||
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Sydney | Tokyo | Ha Noi | HongKong | LonDon | NewYork |
Prices By NTGOLD | ||
---|---|---|
We Sell | We Buy | |
37.5g ABC Luong Bar | ||
5,245.10 | 4,825.10 | |
1oz ABC Bullion Cast Bar | ||
4,346.90 | 3,946.90 | |
100g ABC Bullion Bar | ||
13,941.50 | 12,641.50 | |
1kg ABC Bullion Silver | ||
1,690.20 | 1,340.20 |
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