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Direction: Neutral

2016-04-08 17:10:22

Gold, Apr.08

Posted By: ICN.COMon: April 08, 2016In: Technical Analysis

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Gold has declined during Asian session, but traded around SMA20 at 1232.00, while ADX shows weakness and RSI is nearing 50.00 levels.

The aforesaid factors weakens the bullishness that appears with stability above 1227.00.

Hence, we will be neutral to see whether SMA20 will hold or not.

Support: 1227.00 – 1219.00 – 1207.00

Resistance: 1242.00 – 1252.00 – 1260.00

Direction: Neutral

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
3:59:38 AM	2:59:38 AM	12:59:38 AM	1:59:38 AM	6:59:38 PM	1:59:38 PM

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
6,553.40	6,053.40
1oz ABC Bullion Cast Bar
5,470.40	4,970.40
100g ABC Bullion Bar
17,382.10	15,887.10
1kg ABC Bullion Silver
1,863.10	1,488.10

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