Red Alert – Gold Silver Ko Buy Mat Karo, Kab Se Bol Raha hu – Any Rise only Sell Next Possible Target 28076 Very Very Soon – Neal Bhai
📌 The prospects of bull breakout, however, would weaken sharply, if gold prices find acceptance below yesterday’s low of $1,230.
Read More : Gold Made Tasuki Gap Falling Pattern, Below 30666 Bear Will Uperhand – Neal Bhai Reports
📌 As a result, a break above that level is needed to put the bulls back into the driver’s seat.
Read More : Commodities Weekly Technical Forecast 26-11-18 To 30-11-18 – Neal Bhai Reports
📌 As can be seen above, the yellow metal closed at $1,223 yesterday, confirming an upside break of the falling trendline resistance. The long upper shadow of yesterday’s candle, however, takes the shine off the bullish breakout, as it likely represents selling pressure near the key resistance at $1,230.
Read More : Fed 100% Increase Interest Rates in December 2018 – Neal Bhai Forecast
📌 The 14-day relative strength index (RSI) is reporting bullish conditions above 50.00. Further, Fed’s dovish turn may have put the greenback on the path to deeper losses. So, a break above $1,230 could happen soon.
