Gold, 30-06-2016

Posted By: ICN.COMon: June 30, 2016In: Technical Analysis

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						The price of gold witnessing high volatility in levels close to $ 1317.00, and this level is a important to Determine direction. Despite the general positivity, but the signs of weakness appear on the Relative Strength Index makes us prefer staying aside this day.

Breakthrough 1332.00 is required to prove the positivity and the extension of the upside wave, while breaking 1300.00 will proof the extension of the downside correction. Between those levels, we preferred to be neutral, to avoid any fluctuation that may occur due to technical conflict between moving averages and RSI, and the large decline in the trend powers according to ADX.

Support:1310.00 – 1303.00 – 1291.00
Resistance: 1325.00 – 1332.00 – 1368.00

Direction: neutral

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TIME
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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
5,219.80	4,819.80
1oz ABC Bullion Cast Bar
4,339.20	3,959.20
100g ABC Bullion Bar
13,905.70	12,805.70
1kg ABC Bullion Silver
1,706.10	1,356.10