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GOLD 08/04/2014

2014-04-08 16:00:15

After touching 1296.00 levels, the metal rebounded to the upside and is currently trading close to 38.2% correction at 1309.35 - 1309.40 showing on graph. Breaching this level might extend bullishness reaching 1323.20, as stabilizing above it bring positivity back. MACD is attempting to achieve a positive crossover as RSI is trying to breach line 50, then these catalysts makes breaching 1309.40 significant to confirm the positive signals on technical indicators. As for Linear Regression Indicators despite being negative on the daily graph, they are positive on the four-hour interval.


Support	1300.00	1296.25	1293.00	1285.00	1280.00
Resistance	1309.40	1315.00	1323.20	1330.00	1339.35
Recommendation	Based on the above, buy gold above 1305.00 targeting 1315.00, 1323.00 then 1339.00 then stop-loss below 1290.00.

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
5,310.20	4,910.20
1oz ABC Bullion Cast Bar
4,413.40	4,033.40
100g ABC Bullion Bar
14,150.20	13,050.20
1kg ABC Bullion Silver
1,725.20	1,375.20

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

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