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Direction: Bearish

2016-05-24 19:36:43

Gold, May 24

Posted By: ICN.COMon: May 24, 2016In: Technical Analysis

Gold traded below 1247.00 –SMA50- along with bearish signs on RSI, while ADX shows strength of the bearishness.

Trading below 1247.00 will keep the negative scenario available, targeting 1219.00m while minor support resides at 1230.00.

A break above 1260.00 will negate the scenario.

Support: : 1235.00 – 1230.00 – 1219.00

Resistance: 1247.00 – 1255.00 – 1260.00

Direction: Bearish

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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
5,211.70	4,811.70
1oz ABC Bullion Cast Bar
4,332.50	3,952.50
100g ABC Bullion Bar
13,884.10	12,784.10
1kg ABC Bullion Silver
1,695.50	1,345.50

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The process of producing gold 1) Metallurgy. 2) Metal working and check. 3) Producing.

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