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Gold (Spot) Trading Analysis for 25 May 2011, Buy above 1524

By Bhaveek Patel Leave a Comment

Gold intraday trading analysis for 25 May 2011, we advice intraday traders to enter long position in Gold above 1524 level for targets as 1530 and 1535. Also a protective stop loss should be placed below 1521 level.

Reason to trade long on Gold : Gold has bounced from its short term corrective cycle, we believe it is ready for the up move. So we see that gold will continue its long term trend as the technical indicators are in favor of trade on daily chart. Trading with the trend we will be looking for only buying opportunity as long as gold remains above the 1521 level for intraday trading. Trend is likely to be bullish for today’s trading session.

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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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