Gold Looks Ready To Glow Amid Falling Global Equity Markets
Satendra Singh | Nov 19, 2018 11:12AM ET
On analysis of the movements of Gold futures since opening at the same levels on the first trading session, I find that the gold bulls have been sincerely attempting to maintain an uptrend. Despite a lot of selling pressure; their success will define their next step, if they maintain above $1,222 for next one hour. No doubt that after crossing $1,232, gold bulls may become too aggressive to test new heights amid sliding global equity markets. Gold futures look strong after a reversal from $1,218 as I defined in my last analysis . Let’s have a look at the current movements of gold futures in the following charts.
Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.
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