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Gold 10/06/2014

2014-06-10 15:54:55

Trading tends to the upside but is still limited below 61.8% correction at 1261.00 showing on graph. Stabilizing below the referred to level forces us to keep our negative expectations, whereas Fibonacci rules indicates that breaking 61.8% correction favors a downside move to touch 76.4% - 78.6% correction around 1226.40. Therefore, we expect a downside move today and stabilizing below Linear Regression Indicator 55 supports that, as Linear Regression Indicator 55 and 34 are both negative. AROON Indicator is showing weakness in the bearish strength, and MACD is also showign great weakness in the positive crossover attempt.


Support	1250.80	1248.00	1244.50	1241.00	1236.50
Resistance	1256.20	1262.00	1266.55	1272.00	1278.00
Recommendation	Based on the above, sell gold below 1255.00 targeting 1250.80, 1236.50, 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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