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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

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
5,280.20	4,880.20
1oz ABC Bullion Cast Bar
4,388.40	4,008.40
100g ABC Bullion Bar
14,070.00	12,970.00
1kg ABC Bullion Silver
1,712.60	1,362.60

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

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