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Gold 19/06/2014

2014-06-19 15:59:09

The metal is moving to the upside approaching the resistance level 1285.15 which managed to halt the bullish momentum in the latest bullish attempt, so we prefer to wait before confirming positivity. Breaching 1285.15 supports the formation of another bullish wave in an attempt to touch the psychological barrier 1300.00. MACD is showing a bullish bias, but the signal lines should breach line zero to the upside to confirm positivity. AROON Indicator is showing bullishness but the positive line is dropping. Hence, its very significant to breach 1285.15 to confirm the bullish extension.


Support	1278.00	1272.00	1268.00	1266.55	1260.90
Resistance	1285.15	1293.00	1296.60	1300.00	1305.00
Recommendation	Based on the above, buy gold by breaching 1285.15 targeting 1293.00, 1296.00, then 1300.00 and stop-loss below 1272.00.

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Gold Pressured By Bearish Outside Markets (2016-11-01 03:50:56)
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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)
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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
5,342.00	4,922.00
1oz ABC Bullion Cast Bar
4,438.90	4,038.90
100g ABC Bullion Bar
14,188.30	12,938.30
1kg ABC Bullion Silver
1,700.00	1,350.00

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