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GOLD 22/05/2014

2014-05-22 15:23:16

The metal rebounded to the upside again from areas around 1285.00 and is trading positively attempting to confirm stability above Linear Regression Indicators. After the referred to support 1285.00 confirmed its ability to give the price bullish momentum, we will be positive as long as the metal stabilizes above it. Of note, a break below 1276.00 cancels the positive expectations. Linear Regression Indicators are positive despite trading in an upside move. RSI tends to be neutral which requires stabilizing above 1300.00 later to confirm the upside move intraday today.


Support	1290.00	1285.15	1277.90	1272.00	1266.55
Resistance	1296.60	1300.00	1305.00	1309.35	1318.10
Recommendation	Based on the above, long gold above 1293.00, targeting 1300.00, 1305.00, then 1309.00, and stop-loss below 1276.00.

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
5,279.20	4,879.20
1oz ABC Bullion Cast Bar
4,387.60	4,007.60
100g ABC Bullion Bar
14,067.50	12,967.50
1kg ABC Bullion Silver
1,714.10	1,364.10

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

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