Gold Trades Down and Looks to Test Trend line Support $1238

Gold Silver Reports (GSR) – The price of gold is trading down about -$12 at $1243.42 currently. The fall takes the price toward a trend line support line at $1241. That trend line was tested earlier in the month at $1238 and found modest buyers.    

Yesterday Gold Comex CallGold Spot Made Gann Angle @ Below $1262 Sell 1000-500 Lots – Neal Bhai Reports

Drilling to the hourly chart, the price has been trading above and below the 100 and 200 hour MAs. Today, the price high stallled near the 100 hour MA, moved below the 200 hour MA (green line) and moved lower from there. Those moving averages will be risk levels for shorts now. – 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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