Live Rates Powered By:
AUDUSD
NZDUSD
EURUSD
GBPUSD
USDJPY
USDCAD

Gold - 20/06/2014.
2014-06-20 20:33:11

GOLD



The price moved sharply to the upside yesterday taking the metal to touch 50% correction of the bearish wave that started from the top 1387.00 reaching the bottom 1240.00. Fibonacci level 50% resides at 1314.00 and stabilizing above it is significant today to support positivity. We bet on an upside move and the possibility of extending it as long as the metal is stable above 1296.60.

AROON, MACD and Linear Regression Indicators are showing bullishness and supporting the bullish possibility especially with forming a long bullish candle yesterday.
 
 
Support 1309.35 1305.00 1300.00 1296.60 1293.00
Resistance 1314.00 1318.10 1324.35 1331.50 1339.75
Recommendation
Based on the above, buy gold above 1309.35 targeting 1318.00, 1331.00, then 1350.00 and stop-loss below 1296.60




TIME
Sydney Tokyo Ha Noi HongKong LonDon NewYork
Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
5,340.804,920.80
1oz ABC Bullion Cast Bar
4,437.904,037.90
100g ABC Bullion Bar
14,185.1012,935.10
1kg ABC Bullion Silver
1,700.601,350.60
Slideshow
 
© 2011 Copyright By Ngoc Thanh NTGold. All Rights Reserved.
Powered by: Ngoc Thanh NTGold
 
  • Online: 38
  • Today: 807
  • Total: 4733357