Our recommendation for 29 November 2010, Gold intraday trading, Short (Sell) positions in Gold below 1367 with 1357 & 1346 as intraday targets. Stoploss must be placed right near 1373 level. Why to go Short: The price has struck against its resistance near 1367 level and a bearish flag pattern is taking shape calling for further downside. Trend: Short term: Consolidation; Medium Term: Bullish ... [Continue Reading]
Gold(Spot) Intraday Trading for 25 Nov 2010, Buy Above 1364
Our recommendation for gold intraday trading, Long (Buy) positions in Gold above 1364 with 1383 & 1394 as intraday targets. Stoploss must be placed below 1359. Why to go Long: Gold has been consolidating for last few weeks and we see RSI turing up now, giving sufficient momentum to face its resistance. Trend: Short term: Consolidation; Medium Term: Bullish ... [Continue Reading]
Gold(Spot) Intraday Trading for 23 Nov 2010, Sell Below 1371
Our recommendation for gold intraday trading, Sell (Short) positions in GOLD below 1371 level with targets as 1353 & 1346. Stoploss must be placed above 1375. Why to go Short: The price was on consolidation last few sessions and we see RSI turing down. Trend: Short term: Consolidation; Medium Term: Bullish ... [Continue Reading]
Gold Intraday Trading Analysis for 19 Nov 2010, Buy Above 1349
As per our analysis, Buy (Long) positions in GOLD above 1349 level with targets as 1361 & 1369. Stoploss must be placed below 1372. Why to go Long: The price was on consolidation last week and we see RSI bullish, which signals further upside. Trend: Short term: Consolidation; Medium Term: Bullish ... [Continue Reading]
Gold Trading Analysis for 16 Nov 2010, Sell below 1365
As per our analysis, SHORT positions in GOLD below 1366 levels with targets as 1351 & 1337. Stoploss must be placed above 1372. Why to go Short: The price is on the downside challenging the 20 days moving average. RSI lacks upward momentum, which restricts upside. Trend: Short term: Limited upside; Medium Term: Bullish ... [Continue Reading]