NTGOLD - NEWS

Gold 27/06/2014

2014-06-27 16:03:26

The price managed to close yesterday's session above 50% correction at 1314.00 showing on graph. Stability above the latter cancelled the negative possibility and AROON is showing the bullish strength again, while MACD is trading in an upside move. Linear Regression Indicator 55 is breaching the bearish resistance as showing on graph. The referred to catalysts forces us to think that the possibility of another bullish wave remains valid today by stabilizing above 1300.00.


Support	1318.10	1314.00	1309.35	1305.00	1.300.00
Resistance	1324.35	1331.50	1339.75	1348.40	1350.00
Recommendation	Based on the above, buy gold above 1320.00 targeting 1330.00, 1338.00, then 1347.00 and stop-loss below 1305.00.

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TIME
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