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Gold(Spot) Intraday Trading for 25 Nov 2010, Buy Above 1364

By Bhaveek Patel Leave a Comment

Our recommendation for gold intraday trading, Long (Buy) positions in Gold above 1364 with 1383 & 1394 as intraday targets. Stoploss must be placed below 1359.

Why to go Long: Gold has been consolidating for last few weeks and we see RSI turing up now, giving sufficient momentum to face its resistance.

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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