Live Rates Powered By:
AUDUSD
NZDUSD
EURUSD
GBPUSD
USDJPY
USDCAD
Loading

GOLD 03/03/2014
2014-03-03 15:41:28


The metal started this week's trading higher through a bullish price gap that pushed the price above 88.6% correction of CD Leg of the bullish harmonic AB=CD Pattern. Based on technical harmonic analysis rules, stabilizing above the referred to correction extends bullishness, and stabilizing now above 1341.10 could push the pair further to the upside to test1361.50 and perhaps 1384.80 levels.

The bullish gap worries us a bit because RSI is still showing a negative divergence, but we will ignore these negative signals unless the price breaks 1323.20, whereas breaking the referred to level will trigger the negative signals and form a bearish correctional wave over the week.
 
 
Support 1341.10 1330.00 1330.00 1323.20 1307.00
Resistance 1350.00 1353.00 1361.50 1384.80 1395.00
Recommendation

Long above 1341.10 with targets at 1353.00, 1361.50 then 1384.80, with stop-loss below 1323.00.


Related news


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
5,245.104,825.10
1oz ABC Bullion Cast Bar
4,346.903,946.90
100g ABC Bullion Bar
13,941.5012,641.50
1kg ABC Bullion Silver
1,690.201,340.20
»  Wall Street all in on further gains for gold, Main Street grows more bullish for next week’s price action   (2024-10-19 10:12:59)
»  Gold shines as ultimate safe-haven asset, set to hit $3,000/oz by 2025 – Bank of America   (2024-10-19 10:07:32)
»  Gold and silver to rally through the end of 2024, copper likely to lag – Prosper’s Scott Bauer   (2024-08-15 06:23:01)
»  Wall Street experts see gold gaining on renewed recession fears, Main Street bullishness not far behind   (2024-08-04 16:15:53)
»  Phố Wall chứng kiến ​​đà tăng giá vàng mới vào tuần tới, tâm lý lạc quan của Phố Main tăng lên   (2024-07-27 17:29:24)
»  Wall Street sees renewed momentum for gold prices next week, Main Street’s bullish sentiment increases   (2024-07-27 17:26:59)
»  Wall Street is balanced and cautious on gold next week, Main Street remains optimistic about price gains   (2024-07-20 08:49:41)
»  September rate cut and Trump policies are boosting gold demand – FX Empire’s Ali   (2024-07-19 05:12:10)
»  Gold price will average $2,500 per ounce in Q4 2024 as bull case remains intact despite sharp gains – JPMorgan   (2024-07-18 11:18:51)
»  Wall Street sees green lights for gold next week; Main Street jumps back on the bullish bandwagon   (2024-07-06 04:25:55)
»  Gold and silver price pullback following Friday’s NFP would be buying opportunities – FX Empire’s Lewis   (2024-07-05 02:45:04)
»  Wall Street will sit on the sidelines next week, Main Street divided on gold’s price prospects   (2024-06-29 14:26:23)
»  Routine profit-taking pressure in gold, silver Tuesday   (2024-05-22 07:27:48)
»  Wall Street sees gold prices challenging $2,500 next week, Main Street sentiment is more restrained   (2024-05-20 19:46:56)
»  Gold, silver rally as Fed’s Powell leans a bit dovish   (2024-03-07 05:26:21)
The process of producing gold 1) Metallurgy. 2) Metal working and check. 3) Producing.
Slideshow
 
© 2011 Copyright By Ngoc Thanh NTGold. All Rights Reserved.
Powered by: Ngoc Thanh NTGold
 
  • Online: 389
  • Today: 9812
  • Total: 4666841