Gold, May 04

Posted By: ICN.COMon: May 04, 2016In: Technical Analysis

Print Email

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

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

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

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
5,231.20	4,831.20
1oz ABC Bullion Cast Bar
4,348.70	3,968.70
100g ABC Bullion Bar
13,936.20	12,836.20
1kg ABC Bullion Silver
1,682.50	1,332.50