Live Rates Powered By:
AUDUSD
NZDUSD
EURUSD
GBPUSD
USDJPY
USDCAD
Loading

GOLD 21/05/2014
2014-05-21 15:23:15


After touching the support 1285.00, the metal rebounded to the upside again during yesterday's trading session and closed the daily candle above Linear Regression Indicator 34 and 55 as showing on graph. The mentioned above is positiveand cancels the negativity that started last Monday which might trigger new bullish attempts and stability above 1300.00 for a new attempt to breach the strong resistance 1309.35.
Of note, RSI 14 is negative and MACD despite being neutral, its signal lines are trading below line zero which requires not to break 1277.00 to strengthen the bullish possibility. A break below 1277.00 sends the price towards 61.8% correction at 1260.90 showing on graph.
 
 
Support 1290.00 1285.00 1280.00 1277.90 1272.00
Resistance 1296.60 1300.00 1305.00 1309.35 1318.10
Recommendation
Based on the above, long gold above 1290.00, targeting 1296.00, 1300.00, then 1309.00, and stop-loss below 1276.00.


Related news


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
5,281.204,881.20
1oz ABC Bullion Cast Bar
4,389.304,009.30
100g ABC Bullion Bar
14,072.7012,972.70
1kg ABC Bullion Silver
1,724.601,374.60
»  Wall Street all in on further gains for gold, Main Street grows more bullish for next week’s price action   (2024-10-19 10:12:59)
»  Gold shines as ultimate safe-haven asset, set to hit $3,000/oz by 2025 – Bank of America   (2024-10-19 10:07:32)
»  Gold and silver to rally through the end of 2024, copper likely to lag – Prosper’s Scott Bauer   (2024-08-15 06:23:01)
»  Wall Street experts see gold gaining on renewed recession fears, Main Street bullishness not far behind   (2024-08-04 16:15:53)
»  Phố Wall chứng kiến ​​đà tăng giá vàng mới vào tuần tới, tâm lý lạc quan của Phố Main tăng lên   (2024-07-27 17:29:24)
»  Wall Street sees renewed momentum for gold prices next week, Main Street’s bullish sentiment increases   (2024-07-27 17:26:59)
»  Wall Street is balanced and cautious on gold next week, Main Street remains optimistic about price gains   (2024-07-20 08:49:41)
»  September rate cut and Trump policies are boosting gold demand – FX Empire’s Ali   (2024-07-19 05:12:10)
»  Gold price will average $2,500 per ounce in Q4 2024 as bull case remains intact despite sharp gains – JPMorgan   (2024-07-18 11:18:51)
»  Wall Street sees green lights for gold next week; Main Street jumps back on the bullish bandwagon   (2024-07-06 04:25:55)
»  Gold and silver price pullback following Friday’s NFP would be buying opportunities – FX Empire’s Lewis   (2024-07-05 02:45:04)
»  Wall Street will sit on the sidelines next week, Main Street divided on gold’s price prospects   (2024-06-29 14:26:23)
»  Routine profit-taking pressure in gold, silver Tuesday   (2024-05-22 07:27:48)
»  Wall Street sees gold prices challenging $2,500 next week, Main Street sentiment is more restrained   (2024-05-20 19:46:56)
»  Gold, silver rally as Fed’s Powell leans a bit dovish   (2024-03-07 05:26:21)
The process of producing gold 1) Metallurgy. 2) Metal working and check. 3) Producing.
Slideshow
 
© 2011 Copyright By Ngoc Thanh NTGold. All Rights Reserved.
Powered by: Ngoc Thanh NTGold
 
  • Online: 473
  • Today: 8560
  • Total: 4623836