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GOLD 25/04/2014

2014-04-25 16:08:56

The metal moved to the upside and failed to stabilize below the previous bottom 1277.00 and below 50% correction at 1285.10. A bullish candle with a long shadow was formed and took the pair to trade above Linear Regression Indicator 34 bringing positivity back. MACD is showing a possibility of achieving a positive divergence. Therefore, the bullish possibility became intraday valid, but the pair has to stabilize above 1300.00 to achieve the referred to bullish bias. Breaking yesterday's bottom 1268.00 could fail the upside move.


Support	1285.00	1280.00	1277.90	1272.00	1266.55
Resistance	1296.25	1300.00	1305.00	1309.35	1315.00
Recommendation	Based on the above, buy gold above 1290.00, targeting 1296.25, 1300.00, then 1309.35, and stop-loss below 1277.00.

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
5,341.60	4,921.60
1oz ABC Bullion Cast Bar
4,438.60	4,038.60
100g ABC Bullion Bar
14,187.30	12,937.30
1kg ABC Bullion Silver
1,700.30	1,350.30

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

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