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Direction: Neutral
2016-05-04 16:02:52

Gold, May 04

 

Gold hovers around 1280.00 after failing to hit 1300.00 decisively, while ADX shows increase on bears’ power and RSI.

GOLD@Daily-5

We can’t say that, the bullishness is over, as we need a daily closing below 1280.00 to prove the bearishness. Trading between 1280.00 and 1300.00 makes it neutral.

Support: 1280.00 – 1272.00 – 1259.00

Resistance: 1290.00 – 1300.00 – 1318.00

Direction: Neutral





TIME
Sydney Tokyo Ha Noi HongKong LonDon NewYork
Prices By NTGOLD
We Sell We Buy
37.5g ABC Luong Bar
5,353.004,933.00
1oz ABC Bullion Cast Bar
4,448.004,048.00
100g ABC Bullion Bar
14,217.5012,967.50
1kg ABC Bullion Silver
1,695.501,345.50
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