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Gold, December 02
2015-12-02 17:36:16

The bearish direction strength decreased according to ADX readings, while RSI14 shows bullish tendency and that would trigger potential upside correction.

GOLD@Daily1

A break above 1074.00 is the first thing we need to be bullish after retracing from 1051.00 zones.

As per trading, we prefer using small quantities, as the negative pressures from moving averages continue. On the downside, coming below 1061.00 will weaken the bullish chances.

Support: : 1064.00 – 1061.00 – 1051.00

Resistance: 1074.00 – 1081.00 – 1090.00

Direction: Bullish correction





TIME
Sydney Tokyo Ha Noi HongKong LonDon NewYork
Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
5,344.404,924.40
1oz ABC Bullion Cast Bar
4,440.904,040.90
100g ABC Bullion Bar
14,194.8012,944.80
1kg ABC Bullion Silver
1,702.901,352.90
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