MCX Gold Sell Karo aur So Jaao NeXt TarGet – 29980—29530

MCX Gold Sell Karo aur So Jaao NeXt TarGet – 29980—29530

Black Friday For Gold?

Today is Black Friday for Gold retail, the biggest shopping day of the year, but nobody seems to be shopping for gold.

More than likely, this is just another buying opportunity for gold, with the pattern suggesting that the metals are still in consolidation.

Eventually consolidation will end, and the metals will break out one way or the other.

The simple facts are the metals are at or near support and the next big move should be higher. There is no guarantee that gold will rally, but the probabilities certainly point to the upside

Many have emailed me with concerns and predictions that gold is going to break down. I don’t see it.

It is my opinion that as long as gold holds the $1,200-$1,210 level, prices will go higher.

For now, we would rather be long than short and will continue to look for higher prices.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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