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Gold 31/07/2014

2014-07-31 15:48:26

The metal touched around 1292.65 before rebounding slightly to the upside. On the above graph, we notice that the price is retesting the previously breached resistance level indicating the possibility of bringing the upside move back. But we cannot confirm this outlook in light of the negativity still showing on Linear Regression Indicators and MACD. We prefer to remain neutral today, whereas we need to monitor the metal around 1292.65. A break above 1300.00 levels forms a new bullish wave, while breaking 1292.60 with a four-hour daily closing will be a very negative signal.


Support	1292.60	1285.15	1280.25	1272.00	1268.00
Resistance	1296.60	1300.00	1305.00	1309.35	1314.00
Recommendation	We prefer to remain neutral waiting for confirmation signals.

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
5,333.50	4,913.50
1oz ABC Bullion Cast Bar
4,426.80	4,026.80
100g ABC Bullion Bar
14,205.60	12,905.60
1kg ABC Bullion Silver
1,728.40	1,378.40

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

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