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GOLD 06/05/2014

2014-05-06 16:05:31

On the four-hour graph, we notice a positive crossover on Linear Regression Indicators accompanied by trading around 1309.35 represented in 38.2% correction of the bullish wave that started from the bottom 1182.00 reaching the top 1387.00. Stability above 1300.00 is positive; but because RSI touched line 70 then dropped, the metal should stabilize above 1309.35 to keep the bullish bias without any corrections. Generally, stabilizing above 1277.00 keeps the bullish possibility valid, but stability above 1285.00 is required to strengthen this possibility.


Support	1305.00	1300.00	1296.25	1293.00	1285.00
Resistance	1315.00	1323.20	1331.40	1339.35	1347.20
Recommendation	Based on the above, long gold above 1309.35, targeting 1323.00, 1339.00, then 1347.00, and stop-loss below 1296.00.

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
5,269.00	4,869.00
1oz ABC Bullion Cast Bar
4,379.20	3,999.20
100g ABC Bullion Bar
14,040.20	12,940.20
1kg ABC Bullion Silver
1,706.00	1,356.00

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

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