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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




TIME
Sydney Tokyo Ha Noi HongKong LonDon NewYork
Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
5,347.904,927.90
1oz ABC Bullion Cast Bar
4,443.804,043.80
100g ABC Bullion Bar
14,204.1012,954.10
1kg ABC Bullion Silver
1,702.401,352.40
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