GOLD is falling as Federal rates hikes

gold

The global gold rate is going between 1250$ and 1245$ per ounce. If Gold is break the 1250$ it will touch around 1260$ and 1270$.

But if it is fall below 1245$, it will touch 1235$ and 1230$ there after. The level of 1230$ is the least point which does not break below mostly.

The level of 28000 is the least point which will never break as easily. So it will take U-turn and move up in the month end.

Weekly Support for the Gold : 28350/28000

Weekly Resistance for the Gold : 28950/29250

 

 

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