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Gold (Spot) Trading Analysis for 23 February 2011, Buy Above 1399

By Bhaveek Patel Leave a Comment

Gold spot intraday trading for 23 February 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1399 with targets as 1405 and 1412. Stop loss should be placed below 1395 level.

Why to go Long on Gold : A strong breakout (21 February 2011) above 1383 level is a positive sign for the uptrend, also gold is supported by the rising trend line. However, RSI is well directed and is supporting the upside from current levels. Trend is likely to be bullish for today’s trading.

Short term trend is now bullish and for medium term also we remain bullish.

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  1. Gold (Spot) Trading Analysis for 22 February 2011, Buy Above 1395 Gold spot intraday trading for 22 February 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1395 with targets as 1401 and 1407. Stop loss should be placed below 1392 level. Why...
  2. Gold (Spot) Trading Analysis for 21 February 2011, Buy Above 1392 Gold spot intraday trading for 21 February 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1392 with targets as 1400 and 1405. Stop loss should be placed below 1390 level. Why...
  3. Gold (Spot) Trading Analysis for 18 February 2011, Buy Above 1377 Gold spot intraday trading for 18 February 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1377 with targets as 1385 and 1388. Stop loss should be placed near 1374 level. Why...
  4. Gold (Spot) Trading Analysis for 8 February 2011, Buy Above 1347 Gold spot intraday trading for 8 February 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1347 with targets as 1355 and 1359. Stop loss should be placed near 1344 level. Why...
  5. Gold (Spot) Trading Analysis for 10 February 2011, Buy Above 1354 Gold spot intraday trading for 10 February 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1354 with targets as 1359 and 1363. Stop loss should be placed near 1350 level. Why...

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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