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Gold, October 01 - 2015.

2015-10-02 00:50:36

Gold, October 01

Posted By: ICN.COMon: October 01, 2015In: Technical Analysis

Gold traded lower, touching 78.6% Fibonacci at 1111.00 and a break below this level is required to prove extending the bearishness.

Risk versus reward ratio is inappropriate, as prices are close to the psychological level of 1100.00; therefor, taking positions is dangerous now.

Note that, ADX remains negative and RSI is close to oversold regions and this also forces us to be neutral.

Support: 1111.00 – 1105.00 – 1100.00

Resistance: 1120.00 – 1125.00 – 1134.00

Direction: Bearish, but risk versus reward ratio is inappropriate.

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)
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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
5,291.10	4,891.10
1oz ABC Bullion Cast Bar
4,397.50	4,017.50
100g ABC Bullion Bar
14,099.20	12,999.20
1kg ABC Bullion Silver
1,719.30	1,369.30

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

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