Gold Comex Live Report Below $1,245 Level No Buying,
Comex Gold Down Side Support $1,218 Level
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
“No Magic, No Miracle, Just Power of Level”
Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Mobile No. 9582247600 & 9899900589
Comex Gold Live Report & Technical Analysis……
Comex Gold prices moved higher closing near the highs of the session and poised to test the October highs near 1,243. Support is seen near the 20-day moving average at 1,218 and then the 50-day moving average at 1,213.
Momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses above the 9-day moving average of the MACD line.
The MACD histogram is printing in the black with an upward sloping trajectory which points to higher prices.
The fast stochastic surged higher and is now printing a reading of 84, above the overbought trigger level of 80 which could foreshadow a correction. – Neal Bhai Reports
