Our analysis on Gold for 15 November 2010, one can go SHORT in GOLD near 1378 with targets as 1351 & 1336. Don't place stop loss, If it breaks above 1382, then go long with targets of 1397 & 1423 and exit short position. Why to go Short: The price is on the downside, challenging the 20DMA (Days Moving Average). ... [Continue Reading]
GOLD (Spot) Short Term Resistance Seen at 1343
Our Analysis: Short (Sell) positions below 1343 with 1329 & 1316 targets in sight. Alternative outlook: The upside breakout of 1345 will open the way to 1354 & 1364 levels. Why to go Short: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Trend:- Short Term; Consolidation; Medium Term: Bullish. ... [Continue Reading]
Gold Analysis For Next Week (25-Oct-2010)
We have seen new lifetime high in gold due to appreciation in US Dollar. But Profit booking brought the precious metal Gold down last week, now Gold after correcting to 1315 levels we see Gold as good opportunity to buy at these levels. As per our analysis Gold will see good support around 1308 levels and resistance will be at 1341 / 1357. Our Preference: Buy Gold near 1316 for Target: 1341 / ... [Continue Reading]
GOLD (Spot) for Current Month Series
Our Analysis in Gold: LONG positions above 1322 with 1365 & 1375 as next targets. Alternative scenario: The downside penetration of 1322 will call for a slide towards 1305 & 1295. Comment: The price is supported by a rising trend line, the RSI is bullish and calls for further advance. US and China trade war is most likely to increase the demand for the gold and silver both. We are ... [Continue Reading]
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