Live Rates Powered By:
AUDUSD
NZDUSD
EURUSD
GBPUSD
USDJPY
USDCAD
Loading

GOLD 07/04/2014
2014-04-07 16:22:13


The price managed to stabilize above 1300.00 in last Friday's trading, as the metal managed to trade again above 61.8% correction of CD Leg of the bullish harmonic AB=CD Pattern at 1292.60 - 1293.00 despite the slight bearishness today. Stabilizing above the referred to level is positive indicating the possibility of ending the bearish correction.

Stabilizing above 1285.00 is significant to keep the positive outlook, while breaking 1277.00 could deepen the bearish correction towards 61.8% correction of the bullish wave that started from 1182.00 reaching the top 1387.00.

Of note, some traders showed that the metal's top of last March was abpve 1390 dollar, but we will depend on the highest levels 1287.00 - 1288.00 due to the Fibonacci rythm with the Gold's movement.
 
 
Support 1296.00 1292.60 1285.15 1277.90 1271.00
Resistance 1309.40 1323.20 1330.00 1339.35 1341.10
Recommendation
Based on the above, buy gold above 1296.00 targeting 1309.35 then 1323.20 and 1339.35 and stop-loss below 1377.00 this week.

 



Related news


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
5,346.504,926.50
1oz ABC Bullion Cast Bar
4,442.604,042.60
100g ABC Bullion Bar
14,200.3012,950.30
1kg ABC Bullion Silver
1,701.501,351.50
»  Gold's U.S. market share to quadruple? What happens to gold price when that happens – Rick Rule   (2024-12-03 06:55:18)
»  Wall Street all in on further gains for gold, Main Street grows more bullish for next week’s price action   (2024-10-19 10:12:59)
»  Gold shines as ultimate safe-haven asset, set to hit $3,000/oz by 2025 – Bank of America   (2024-10-19 10:07:32)
»  Gold and silver to rally through the end of 2024, copper likely to lag – Prosper’s Scott Bauer   (2024-08-15 06:23:01)
»  Wall Street experts see gold gaining on renewed recession fears, Main Street bullishness not far behind   (2024-08-04 16:15:53)
»  Phố Wall chứng kiến ​​đà tăng giá vàng mới vào tuần tới, tâm lý lạc quan của Phố Main tăng lên   (2024-07-27 17:29:24)
»  Wall Street sees renewed momentum for gold prices next week, Main Street’s bullish sentiment increases   (2024-07-27 17:26:59)
»  Wall Street is balanced and cautious on gold next week, Main Street remains optimistic about price gains   (2024-07-20 08:49:41)
»  September rate cut and Trump policies are boosting gold demand – FX Empire’s Ali   (2024-07-19 05:12:10)
»  Gold price will average $2,500 per ounce in Q4 2024 as bull case remains intact despite sharp gains – JPMorgan   (2024-07-18 11:18:51)
»  Wall Street sees green lights for gold next week; Main Street jumps back on the bullish bandwagon   (2024-07-06 04:25:55)
»  Gold and silver price pullback following Friday’s NFP would be buying opportunities – FX Empire’s Lewis   (2024-07-05 02:45:04)
»  Wall Street will sit on the sidelines next week, Main Street divided on gold’s price prospects   (2024-06-29 14:26:23)
»  Routine profit-taking pressure in gold, silver Tuesday   (2024-05-22 07:27:48)
»  Wall Street sees gold prices challenging $2,500 next week, Main Street sentiment is more restrained   (2024-05-20 19:46:56)
The process of producing gold 1) Metallurgy. 2) Metal working and check. 3) Producing.
Slideshow
 
© 2011 Copyright By Ngoc Thanh NTGold. All Rights Reserved.
Powered by: Ngoc Thanh NTGold
 
  • Online: 43
  • Today: 869
  • Total: 4733419