Gold spot trading analysis for 10 January 2011, Gold intraday trading tips, Long (Buy) positions in Gold above 1360 with targets as 1371 and 1378. Stop loss should be placed around 1355 level. Why to go Long on Gold : Gold was trading lower due to weak US dollar but broken the bearish channel upper boundary on 30 minutes chart. So we are now bullish for intraday. Short term trend is ... [Continue Reading]

Gold spot intraday trading for 7 January 2011, Gold intraday trading tips, Short (Sell) positions in Gold below 1378 with targets as 1365 and 1356. Stop loss should be placed around 1384 level. Also trade cautiously as NFP data will be released shortly, this may increase market volatility. Why to go Short on Gold : Gold was trading lower due to weak US dollar and developed a bearish outlook for ... [Continue Reading]

Gold spot intraday trading for 5 January 2011, Gold intraday trading tips, Short (Sell) positions in Gold above 1390 with targets as 1382 and 1376. Stop loss should be placed around 1398 level. Why to go Short on Gold : Gold was trading higher but yesterday it broke the support level of 1400 and developed a bearish outlook for intraday. Short term trend is consolidation and medium term trend for ... [Continue Reading]

Gold spot intraday trading for 28 December 2010, Gold intraday trading tips, Long (Buy) positions in Gold above 1392 with targets as 1399 and 1405. Stoploss should be placed around 1386 level. Why to go Long on Gold : Gold was consolidating near 1385 to 1369, but a breakout of 1391 is a positive breakout and gold will not try to touch 1405 levels. We have a bullish outlook for gold today. Short ... [Continue Reading]

Gold spot intraday trading analysis for 27 December 2010, Gold intraday trading tips, Short (Sell) positions in Gold below 1385 with targets as 1376 and 1370. Stoploss should be placed around 1390 level. Why to go Short: Gold is trading sluggish today also the price is capped by the declining trend line and facing strong resistance near 1388 levels, showing consolidation and hence should trade ... [Continue Reading]