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GOLD 04/04/2014

2014-04-04 15:34:29

The bullish attempt yesterday remained limited below the resistance level 1296.00 before the psychological barrier 1300.00. Trading below the referred to levels keeps the possibility of a downside move to test 1262.00 that represents 61.8% correction showing on graph. MACD is still negative and despite that RSI 14 is trading sideways, but there are now positive signals showing on it which strengthens the bearish possibility for today. Breaching 1300.00 brings positivity back especially if the weekly trading closed above it.


Support	1285.00	1280.00	1277.90	1272.00	1266.55
Resistance	1293.15	1296.30	1300.00	1309.35	1315.00
Recommendation	Based on the above, sell gold below 1293.00 targeting 1280.00, 1277.00 then 1262.00 then stop-loss above 1309.00.

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
5,305.80	4,905.80
1oz ABC Bullion Cast Bar
4,409.70	4,029.70
100g ABC Bullion Bar
14,138.50	13,038.50
1kg ABC Bullion Silver
1,726.10	1,376.10

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

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