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Direction:Bearish

2016-05-26 16:29:58

Gold, May 26

Posted By: ICN.COMon: May 26, 2016In: Technical Analysis

This report was updated for registered users on : 2016-05-26 07:47:43

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Gold inclined, touching the previously breached support at 1230.00 after finding support near 50% Fibonacci at 1219.00.

The general bearishness persists due to trading below moving averages and ADX negativity.

We need a break below 1219.00 to confirm the bearishness; otherwise it is risk to take new positions.

Support: : 1219.00 – 1210.00 – 1200.00

Resistance: 1230.00 – 1235.00 – 1347.00

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
5,213.70	4,813.70
1oz ABC Bullion Cast Bar
4,334.20	3,954.20
100g ABC Bullion Bar
13,889.50	12,789.50
1kg ABC Bullion Silver
1,694.10	1,344.10

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

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