Gold, May 18

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

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						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

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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
6,956.20	6,426.20
1oz ABC Bullion Cast Bar
5,797.10	5,257.10
100g ABC Bullion Bar
18,436.30	16,836.30
1kg ABC Bullion Silver
2,260.40	1,810.40