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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

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
5,156.10	4,736.10
1oz ABC Bullion Cast Bar
4,273.10	3,873.10
100g ABC Bullion Bar
13,704.20	12,404.20
1kg ABC Bullion Silver
1,670.70	1,320.70

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

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