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GOLD 07/05/2014

2014-05-07 16:16:14

Yesterday's volatility remained limited above Linear Regression Indicator 55, as we witness today a new attempt to confirm stability above 1309.35 levels. The metal should stabilize above the mentioned level 1309.35 in order not to form bearish corrections especially that RSI 14 and MACD are showing weakness. Generally, trading above 1300.00 is positive today while the overall upside move depends on stability above 1277.00. Of note, resistance levels 1318.10 and 1324.35 could be strong, so the metal should break above these levels to extend the upside move.


Support	1309.35	1305.00	1300.00	1296.25	1293.00
Resistance	1318.10	1324.35	1331.50	1339.75	1348.40
Recommendation	Based on the above, long gold at 1309.35, targeting 1324.00, 1339.00, then 13487.00, 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
5,277.90	4,877.90
1oz ABC Bullion Cast Bar
4,386.60	4,006.60
100g ABC Bullion Bar
14,064.00	12,964.00
1kg ABC Bullion Silver
1,722.90	1,372.90

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

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