Gold, June 02

Posted By: ICN.COMon: June 02, 2016In: Technical Analysis

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						Trading below 1219.00-1220.00 in addition to the negative crossover on moving averages keeps the bearishness valid as far as 1242.00 hold.

We will avoid trading as risk versus reward ratio is inappropriate, but coming below 1205.00 will be a bearish signal once again.

Support: : 1205.00 – 1200.00 – 1190.00

Resistance: 1219.00 – 1225.00 – 1232.00

Direction: Bearish below 12005.00 but neutral now.

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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
5,353.00	4,933.00
1oz ABC Bullion Cast Bar
4,448.00	4,048.00
100g ABC Bullion Bar
14,217.50	12,967.50
1kg ABC Bullion Silver
1,695.50	1,345.50