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.
Spot gold may rise into a trading zone of $1258—$1266 level per ounce, as it has broken a resistance at $1245, Technical Analyst Neal Bhai.
Global stocks extended their slump on worries over slowing growth and fears that a fresh flare-up in tensions between U.S. and China could quash chances of a trade deal.
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.
Gold Silver Reports (GSR) — Spot Gold – “However, there is not much of a safe-haven appeal (for gold) as the market is not packing in a lot of punch to trade war.”
Gold Spot Update and Report – 28 August 2018
Watch Gold Spot $1204 Not Cross or Tumbled $1194.20
Gold Spot Last Update and Report : Gold Spot Report – If Gold Hold and Close Above $1204 – We See Only Blast 1000% Blast, Aur Kuch Nai – Neal Bhai Reports >>> “No Magic, No Miracle, Just Power of Level”
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