Red Alert : MCX Gold Silver Main Kohram Machega, Buyer Rahe Savdhaan – Neal Bhai Reports

Red Alert

Red Alert : MCX Gold Silver Main Kohram Machega, Buyer Rahe Savdhaan – Neal Bhai Reports

“No Magic, No Miracle, Just Power of Level”

Neal Bhai Reports (NBR) By CFA’s  and MFA’s Technical Team

Mobile No. 9582247600 & 9899900589

“There is feeling in some quarters that we may be nearing the bottom of this recent downturn (in gold),” MKS PAMP Group trader Tim Brown wrote in a note.        

Support-wise, gold appears fairly well bid around $1,245——$1,248 and there should be support at $1,237 and below that, Brown said.

Hansen said the downtrend would likely accelerate unless gold held above multiple layers of support slightly below $1,237. “If that area breaks, the shorts and momentum sellers will have a field day.”