Gold, May 18

Posted By: ICN.COMon: May 18, 2016In: Technical Analysis

Print Email

						Gold failed to stabilize above 1281.00 during Asian session, while RSI declines, but remains trading above 50.00. ADX also moves upwards with decline +D.

We will be neutral due to the aforementioned factors as trading remains above 1259.00, but below 1281.00.

Support: : 1267.00 – 1259.00 – 1250.00

Resistance: 1281.00 – 1295.00 – 1300.00

Direction: Neutral

Tags:

Gold

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
7,980.60	7,130.60
1oz ABC Bullion Cast Bar
6,683.20	5,883.20
100g ABC Bullion Bar
21,145.40	18,695.40
1kg ABC Bullion Silver
3,530.80	2,730.80