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GOLD 12/03/2014

2014-03-12 16:47:16

Gold touched 1361.50 yesterday, representing the top C of the AB=CD bullish pattern after consolidating at 1341.10. In most cases, reaching C top is not sufficient harmonic targets and accordingly the extension of bullishness is likely towards 113% correction of CD leg at 1384.80. Consolidating above 1341.10 keeps bullishness in favor while a breach of 1348.80 will extend gains around 1409.90 areas, at the 127% Fibonacci correction.


Support	1356.60	1350.00	1347.20	1341.10	1335.00
Resistance	1361.60	1368.00	1371.80	1384.80	1395.00
Recommendation	Based on the above, buy gold above 1356.60 targeting 1361.50, 1371.80 then 1384.80 and stop-loss below 1341.00.

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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