Second Update:
Gold has been able to reach the second target suggested in the subscribers’ report at 1100.00, while the main decisive level is 1097.00, which will define the next move.
We will close all our sell positions at the second target, as we are content with the profits we made to see whether gold will breach 1097.00 or not.
Gold has declined, breaching through 1115.00 and we see chances for breaching 1113.00, which may cause acceleration towards 1100.00-1097.00.
On the upside, stability below 1120.00 will keep the bearishness valid for the rest of the day.
A recommendation was added for subscribers.
Gold moved sideways along with weak trading behaviors above 1115.00, which is a minor support. Meanwhile, gold stabilizes below moving averages and below 1136.35 resistance.
Over short-term basis, the bearishness remain valid, but we are waiting for a break below 1113.00 to affirm the outlook. Over intraday basis, we need more signs and thus, we remain on the sidelines until the signs on RSI and ADX technical indicators are affirmed.
Support: 1120.00 – 1113.00 – 1097.00
Resistance: 1130.35 – 1136.00 – 1147.00
Direction: Bearish, but we will stand aside.
on: In: Technical Analysis
| TIME | |||||
|---|---|---|---|---|---|
| Sydney | Tokyo | Ha Noi | HongKong | LonDon | NewYork |
| Prices By NTGOLD | ||
|---|---|---|
| We Sell | We Buy | |
| 37.5g ABC Luong Bar | ||
| 5,187.80 | 4,767.80 | |
| 1oz ABC Bullion Cast Bar | ||
| 4,299.40 | 3,899.40 | |
| 100g ABC Bullion Bar | ||
| 13,788.80 | 12,488.80 | |
| 1kg ABC Bullion Silver | ||
| 1,667.80 | 1,317.80 | |
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