GOLD 06/03/2014
2014-03-06 15:39:01
The price is still trading within a sideways range that currently took the metal out of the ascending channel leaving the metal affected by the negativity of Linear Regression Indicators and RSI. But we prefer to not bet on a downside move while the metal is stable above 1323.20, as stability above this level limits the bearish extension. On the upside, stabilizing below 1341.10 is negative and any upside move requires breaching the referred to level forcing us to remain neutral today. Bearish attempts are likely as long as the price stabilizes below 1341.10, but the metal has to break 1323.20 to strengthen the downside move. |
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| Support | 1330.00 | 1323.20 | 1315.00 | 1310.00 | 1300.00 |
| Resistance | 1341.10 | 1347.20 | 1350.00 | 1356.60 | 1361.50 |
| Recommendation |
Based on the above, we prefer to remain neutral waiting for confirmation signals. For those who are willing to bet on stability below 1341.10, its possible to sell the metal below 1340.00 targeting 1323.20 and 1315.00 then 1310.00 with stop-loss above 1350.00. |
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| TIME | |||||
|---|---|---|---|---|---|
| Sydney | Tokyo | Ha Noi | HongKong | LonDon | NewYork |
| Prices By NTGOLD | ||
|---|---|---|
| We Sell | We Buy | |
| 37.5g ABC Luong Bar | ||
| 5,246.90 | 4,826.90 | |
| 1oz ABC Bullion Cast Bar | ||
| 4,348.40 | 3,948.40 | |
| 100g ABC Bullion Bar | ||
| 13,946.40 | 12,646.40 | |
| 1kg ABC Bullion Silver | ||
| 1,695.80 | 1,345.80 | |
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