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Gold (Spot) Intraday Trading Analysis for 30 Nov 2010, Sell Below 1377

By Bhaveek Patel Leave a Comment

Our recommendation for 30 November 2010, Gold intraday trading analysis, Short (Sell) positions in Gold below 1377 with 1367 & 1357 as intraday targets. Stoploss must be placed right near 1383 level.

Why to go Short: The price has struck against its resistance near 1378 level and a bearish flag pattern is taking shape calling for further downside.

Trend: Short term: Consolidation; Medium Term: Bullish

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Category: Gold Tags: gold/ Gold Analysis/ Gold Trading

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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