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GOLD - 09/04/2014

2014-04-09 23:20:29

The price extended the upside move and traded above 38.2% correction of the bullish wave that started from bottom 1182.00 reaching the top at 1388.00. Stabilizing above the referred to level at 1309.35 forces us to expect further bullishness. The metal has to breach 1323.20 represented in the extended target 78.6% correction of the bullish harmonic AB=CD Pattern to get MACD and RSI 14 into positivity again. The positive expectations requires stability above 1285.00, but today the price has to stabilize above the psychological barrier 1300.00 to strengthen the bullish possibility.


Support	1309.35	1305.00	1300.00	1296.25	1293.00
Resistance	1315.00	1323.20	1330.00	1335.00	1339.35
Recommendation	Based on the above, buy gold above 1309.35 targeting 1315.00, 1323.00 then 1339.00 then stop-loss below 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
5,305.80	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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