Gold trading for 13 December 2010, Gold intraday trading tips, Short (Sell) positions in Gold below 1399 with targets as 1388 and 1378. Stoploss should be placed around 1403 level. Why to go Short: Gold is trading weak for last couple of sessions after touching its all time high last week, we expect a pullback to its support near 1388 level. It has also broken below its bullish channel lower ... [Continue Reading]
Gold (Spot) Trading Tips for 9 December 2010, Sell below 1399
Gold trading for 9 December 2010, Gold intraday trading tips, Short (Sell) positions in Gold below 1399 with targets as 1389 and 1386. Stoploss should be placed around 1405 level. Why to go Short: Gold is trading weak for last 2 sessions, we expect a pullback to its support near 1386 level. It has also broken below its bullish channel lower boundary on 30 minutes chart. We are now bearish for ... [Continue Reading]
Gold (Spot) Trading Tips for 7 December 2010, Buy above 1411
Gold trading for 7 December 2010, Gold intraday trading tips, Long (Buy) positions in Gold above 1411 with targets as 1427 and 1436. Stoploss should be placed around 1401 level. Why to go Long: Gold is trading strongly in bullish channel. We are extreamly bullish after the bearkout of 1401 level. Trend for the short term is Consolidation and for medium term its still bullish. ... [Continue Reading]
Gold (Spot) Trading Tips for 6 December 2010, Buy above 1401
Gold trading for 6 December 2010, Gold intraday trading tips, Long (Buy) positions in Gold above 1401 with targets as 1411 and 1419. Stoploss should be placed around 1395 level. Why to go Long: Gold is trading strongly above its intraday resistance of 1400. Gold look bullish now, as bulls are entering market. Trend for the short term is Consolidation and for medium term its still bullish. ... [Continue Reading]
Gold (Spot) Trading Tips for 3 December 2010, Buy above 1384
Gold trading for 3 December 2010, Gold intraday trading tips, Long (Buy) positions in Gold above 1384 with targets as 1397 and 1407. Stoploss should be placed around 1378 level. Why to go Long: Gold is trading strongly above its intraday support of 1380. Gold look bullish, with bulls entering market. Short term trend will be consolidation and for medium term it is still bullish. ... [Continue Reading]