GOLD 26/03/2014
2014-03-26 15:32:39
The downside move stopped around 38.2% correction yesterday and failed to achieve a daily candle below that level residing at 1309.35. In fact, negativity continues on Linear Regression Indicators, MACD and RSI by trading below line 50. We will remain neutral in the European session, whereas we want to monitor the metal's movement aorund 1309.35 before making any new decision. |
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Support | 1309.35 | 1300.00 | 1296.25 | 1293.00 | 1285.00 |
Resistance | 1320.00 | 1323.20 | 1330.00 | 1335.00 | 1339.35 |
Recommendation |
Based on the above, we prefer to remain neutral in this report.
For those who are willing to bet on breaking the bullish support, sell the metal below 1320.00 targeting 1309.35 and 1293.00 then 1285.00 with stop-loss above 1339.35.
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TIME | |||||
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Sydney | Tokyo | Ha Noi | HongKong | LonDon | NewYork |
Prices By NTGOLD | ||
---|---|---|
We Sell | We Buy | |
37.5g ABC Luong Bar | ||
5,251.60 | 4,831.60 | |
1oz ABC Bullion Cast Bar | ||
4,352.30 | 3,952.30 | |
100g ABC Bullion Bar | ||
13,958.80 | 12,658.80 | |
1kg ABC Bullion Silver | ||
1,695.50 | 1,345.50 |
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