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Gold - 24/06/2014.
2014-06-24 19:55:26

GOLD



Positive trading is still ongoing and we witnessed yesterday a daily closing above 50% correction at 1314.00 showing on graph. Stability above the referred to correction indicates the possibility of an upside move today based on breaching 1331.50 represented in 61.8% correction.
Linear Regression Indicator 34 and 55 are positive, and AROON Indicator is showing that the strong upside move is extending. MACD is still moving positively supporting the bullish extension as long as the price is still trading above 1300.00 intraday today.
 
 
Support 1314.00 1309.35 1305.00 1300.00 1296.60
Resistance 1318.10 1324.50 1331.50 1339.75 1348.40
Recommendation
Based on the above, buy gold above 1314.00 targeting 1324.50, 1331.00, then 1348.40 and stop-loss below 1298.00




TIME
Sydney Tokyo Ha Noi HongKong LonDon NewYork
Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
5,345.704,925.70
1oz ABC Bullion Cast Bar
4,441.904,041.90
100g ABC Bullion Bar
14,198.1012,948.10
1kg ABC Bullion Silver
1,700.601,350.60
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