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GOLD - 04/06/2014.

2014-06-04 20:47:00

GOLD

The price attempted to rise yesterday but remained limited below the resistance 1250.00 and below 61.8% correction at 1261.00 showing on graph. Stabilizing below these resistances could extend the downside move, especially that AROON and MACD are showing negativity. Linear Regression Indicators are negative also accompanied by breaking Linear Regression Indicator 34 breaking the correction line 61.8% correction referred to earlier. Hence, the negative possibility is still valid and stabilizing below 1261.00 strengthens this possibility.


Support	1241.00	1236.50	1231.05	1226.40	1224.70
Resistance	1248.00	1250.80	1256.20	1262.00	1266.55
Recommendation	Based on the above, sell gold at 1248.00 targeting 1241.00, 1231.50, then 1226.40 and stop-loss above 1267.00

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
5,348.60	4,928.60
1oz ABC Bullion Cast Bar
4,444.30	4,044.30
100g ABC Bullion Bar
14,205.80	12,955.80
1kg ABC Bullion Silver
1,702.20	1,352.20

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

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