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Gold 18/06/2014

2014-06-18 15:42:06

The price stopped moving to the downside yesterday after touching around Linear Regression Indicator 55 and around the support 1260.90 represented in 61.8% correction showing on graph. Failing to break the referred to level limits our ability to be negative today especially that AROON is still showing the bullish extension despite weakness in the bullish strength. Therefore, we prefer to remain neutral today waiting for confirmation signal, and breaching 1285.00 could form a bullish wave while breaking 1260.60 and stabilizing below it could bring back the downside move again.


Support	1266.55	1260.90	1256.20	1250.80	1248.00
Resistance	1272.00	1278.00	1285.15	1288.00	1293.00
Recommendation	Based on the above, we prefer to remain neutral today because Risk/Reward Ratios are inappropriate.

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
5,299.80	4,899.80
1oz ABC Bullion Cast Bar
4,404.70	4,024.70
100g ABC Bullion Bar
14,122.50	13,022.50
1kg ABC Bullion Silver
1,725.40	1,375.40

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

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