Our recommendation for gold intraday trading, Sell (Short) positions in GOLD below 1371 level with targets as 1353 & 1346. Stoploss must be placed above 1375. Why to go Short: The price was on consolidation last few sessions and we see RSI turing down. Trend: Short term: Consolidation; Medium Term: Bullish ... [Continue Reading]
Gold Trading Analysis for 16 Nov 2010, Sell below 1365
As per our analysis, SHORT positions in GOLD below 1366 levels with targets as 1351 & 1337. Stoploss must be placed above 1372. Why to go Short: The price is on the downside challenging the 20 days moving average. RSI lacks upward momentum, which restricts upside. Trend: Short term: Limited upside; Medium Term: Bullish ... [Continue Reading]
Gold Analysis for 15 Nov 2010, Sell Below 1378
Our analysis on Gold for 15 November 2010, one can go SHORT in GOLD near 1378 with targets as 1351 & 1336. Don't place stop loss, If it breaks above 1382, then go long with targets of 1397 & 1423 and exit short position. Why to go Short: The price is on the downside, challenging the 20DMA (Days Moving Average). ... [Continue Reading]
GOLD (Spot) for Current Month Series
Our Analysis in Gold: LONG positions above 1322 with 1365 & 1375 as next targets. Alternative scenario: The downside penetration of 1322 will call for a slide towards 1305 & 1295. Comment: The price is supported by a rising trend line, the RSI is bullish and calls for further advance. US and China trade war is most likely to increase the demand for the gold and silver both. We are ... [Continue Reading]
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