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Gold 01/08/2014

2014-08-01 15:24:50

The metal dropped achieving the stop-loss suggested in our recommendation (for our subscribers), but the selling order was activated to compensate the loss of the bearish wave yetserday. Breaking 1292.65 is the main reason of bearishness, but we notice today that the price stopped at 61.8% extension level at 1280.25 that managed to halt the downside move. Technical indicators are still negative but we will depend intraday on stabilizing above 1280.25 to suggest some bullishness. Breaking 1280.25 pushes the price to the downside towards 1262.65.


Support	1280.25	1278.00	1272.00	1268.00	1262.65
Resistance	1285.15	1292.60	1296.60	1300.00	1305.00
Recommendation	The outlook is positive above 1280.25 with the risk-limit below 1276.00.

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
5,333.50	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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