GOLD 01/04/2014
2014-04-01 14:37:12
By examening the above graph, we notice that the metal managed to trade and stabilize below 50% correction at 1287.30 levels showing on graph, as stability below it is negative and might push the price to test 61.8% correction at 1262.50. Linear Regression Indicators are negative and MACD is trading in a negative bias. These catalysts indicates further bearishness today which remains valid as long as the price is stable below 1300.00 which is a psychological barrier. Of note, breaking 1262.50 extends the downside move in the upcoming period. |
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Support | 1280.00 | 1277.90 | 1272.00 | 1266.55 | 1262.50 |
Resistance | 1287.30 | 1293.00 | 1296.25 | 1300.00 | 1309.35 |
Recommendation |
Based on the above, sell gold below 1285.00 targeting 1277.90, 1266.55 then 1262.50 then stop-loss above 1300.00.
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TIME | |||||
---|---|---|---|---|---|
Sydney | Tokyo | Ha Noi | HongKong | LonDon | NewYork |
Prices By NTGOLD | ||
---|---|---|
We Sell | We Buy | |
37.5g ABC Luong Bar | ||
5,346.50 | 4,926.50 | |
1oz ABC Bullion Cast Bar | ||
4,442.60 | 4,042.60 | |
100g ABC Bullion Bar | ||
14,200.30 | 12,950.30 | |
1kg ABC Bullion Silver | ||
1,701.50 | 1,351.50 |
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