Gold has made new all time high today morning and this move was a clear sign that gold has become the safe heaven for the uncertain stock markets. Even the news that S&P has downgraded US Economy from its AAA rating to AA+ has been taken seriously by market participants. Today we will be trading Gold by using Fibonacci retracement level in our trading and the trade confirmation with the help ... [Continue Reading]
Gold Trading near All Time High on 29 July 2011, Buy Above 1608 for Target 1622
Gold technical analysis for today, we recommend to trade long on Gold above 1608 level for targets as 1622 and 1628. A protective stop loss order should be placed just under 1601 level. Why is gold consolidating: Gold was consolidating as a new problem from United States has emerged of USD debit. We are looking for some strength in gold due to weak USD, so this alone can be a strong signal to ... [Continue Reading]
Bullion: Gold Trading Analysis for Today, Buy Above 1585 for Target 1596
Gold has started correcting yesterday and we are sure this is due to the bailout package for Greece in European region and this is just due to exit of funds by the large hedge funds and ETF's. But still we are sure that there is much more upside left in gold for the longer term. In the beginning of this week we saw gold trading at all time high levels. Now we are extremely bullish on gold in near ... [Continue Reading]
Gold Trading at Life Time High on 19 July 2011, Buy Above 1597 for Target 1616
Yesterday Gold has made its life time high by moving above the $ 1600 per troy ounce. Now we are extremely bullish on gold in near term and taking a looking at the daily charts we see that gold has resumed its long term bullishness by creating a series of higher high and higher lows suggesting us a strong up trend. So taking advantage of this up trend we will be looking for only buying ... [Continue Reading]
Gold Technical Analysis for 18 July 2011, Gold is trading at all time high levels so buy above 1589
Looking at the daily charts we found that gold has resumed its long term bullish rally and this may continue as long as there is clear view from the Italian economy. As gold is always considered as safe asset class so the money is now flowing into the gold related assets in large form, this is the reason why the gold is trading at its all time high level. Charts suggest that Gold has created a ... [Continue Reading]
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