Gold Prices May Fall Further After Breaking Chart Support – Gold Silver Reports

GOLD TECHNICAL ANALYSIS

Gold Silver Reports (GSR) — Gold prices look to be resuming the dominant decline launched in mid-April after breaking counter-trend support guiding the upswing from August lows.

A daily close below the August 24 lowat $ 1,183 opens the door for a test of the swing bottom at $ 1,160. Alternatively, a push back above the August 28 high at $ 1,214 targets the $ 1,235 — 1,241 level. – Neal Bhai Reports

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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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