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GOLD 02/04/2014

2014-04-02 16:17:41

The price fluctuated during yesterday's session but failed to push the metal to stabilize above 50% correction at 1287.30 showing on graph. Stability below the referred to level is negative and favors testing 61.8% correction. Linear Regression Indicators are still negative and MACD is trading below line zero supporting the possibility of extending negativity today. Breaching 1300.00 which is a psychological barrier might weaken the bearish expectations.


Support	1380.00	1277.90	1272.00	1266.55	1262.00
Resistance	1285.20	1287.30	1293.00	1296.25	1300.00
Recommendation	Based on the above, sell gold below 1285.00 targeting 1277.90, 1266.55 then 1262.50 then stop-loss above 1300.00.

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
5,301.60	4,901.60
1oz ABC Bullion Cast Bar
4,406.20	4,026.20
100g ABC Bullion Bar
14,127.10	13,027.10
1kg ABC Bullion Silver
1,722.70	1,372.70

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

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