At Gold Silver Reports, we provide real-time updates on Spot Gold (XAUUSD) with live prices, expert analysis, and daily trading insights. Stay ahead with accurate forecasts, support & resistance levels, and global gold market trends to guide your trading strategies.
Gold Comex Live Report Below $1,245 Level No Buying,
Comex Gold Down Side Support $1,218 Level
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JO DAR GAYA SAMJHO MAR GAYA – I Told You – Don’t Trap in Buy Side Next Possible Target 28076 Very Very Soon – Neal Bhai
Gold Silver Reports (GSR) — Spot gold was down 0.8 percent at $1,213 per ounce at 13:34 p.m EDT (1734 GMT), having touched its lowest since Oct. 11 at $1,211.52. U.S. gold futures settled down $10.30, or 0.8 percent, at $1,215.
Technical Outlook – Technical Outlook: In our last Gold Weekly Technical Outlook, we continued to highlight a critical resistance confluence at $1238/1243, “a region defined by the 38.2% retracement of the yearly range, the 100% extension of the advance off the August low, the December swing low and the long 200-week moving average.” Price is testing this zone now and a weekly close above is needed to keep the immediate long-bias viable.
The price of silver maintains its bullish winning after previous day bounce. The precious metal expected to continue moving upward to test $15.00.
We have an early celebration on the gold jump in the previous day. Unfortunately, the precious metal drifted lower before the close of the day and settled just at $1,230. It means no breakout and today the bull has trouble to break the resistance level.