Elwis Wright
Private
- Messages
- 11
As Gold prices recently dropped below its ascending trend-line support, also encompassing the 50-day SMA, chances of its immediate drop to $1228-30 can't be denied. Should the metal extends the south-run below $1228, the $1215 and the $1208 are likely important support levels to watch.
Alternatively, a clear break above $1258 can reverse its recent decline and can propel the bullion prices towards $1270 mark.
Alternatively, a clear break above $1258 can reverse its recent decline and can propel the bullion prices towards $1270 mark.