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GOLD 07/03/2014

2014-03-07 15:53:18

The metal managed to stabilize above 1341.10 highlighting the bullish harmonic AB=CD Pattern. Based on the technical harmonic analysis, stability above the extended target 88.6% correction at 1341.10 might extend the upside move towards point C at 1361.50 and perhaps further towards 113% Correction of CD Leg of the pattern at 1384.80. The positive possibility remains valid by stabilizing above 1323.20, but we will count today on 1330.00 to keep the positive expectations especially with a negative divergence on RSI 14 which might be achieved by breaking 1330.00.


Support	1347.20	1341.10	1335.00	1330.00	1323.20
Resistance	1350.00	1356.60	1361.50	1368.00	1371.80
Recommendation	Long the metal above 1347.20, targets at 1356.60 and 1361.50 and 1384.80. Stop loss below 1330.00.

Related news

Gold Pressured By Bearish Outside Markets (2016-11-01 03:50:56)
Trend Down Under at 1360.00 and 1347.00 1332.00 targets 1370.00 as long as they do not violate (2016-07-12 17:27:51)
Direction: neutral (2016-07-01 16:54:07)
Direction: neutral (2016-06-30 15:17:32)
Direction: Bullish above 1303.00, targeting 1365.00 and 1400.00 as long as the price trading above 1290.00 (2016-06-30 05:32:18)
Direction: Bullish above 1317.00, targeting 1365.00 and 1400.00 as long as the price trading above 1290.00 (2016-06-28 05:40:46)
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)
Direction: Bearish below 1263.00, targeting 1250.00 and 1239.00 as long as the price trading below 1282.00 (2016-06-23 19:20:37)
Direction: Bearish below 1262.00, targeting 1252.00 and 1240.00 as long as the price trading below 1280.00 (2016-06-22 14:56:10)
Direction: neutral (2016-06-20 20:28:46)

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
5,249.10	4,829.10
1oz ABC Bullion Cast Bar
4,350.20	3,950.20
100g ABC Bullion Bar
13,952.10	12,652.10
1kg ABC Bullion Silver
1,694.00	1,344.00

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The process of producing gold 1) Metallurgy. 2) Metal working and check. 3) Producing.

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