Gold intraday trading analysis for 1 June 2011, we recommend to trade long in Gold above 1531 level for targets as 1535 and 1539. Stop loss must be placed below 1528 level. Reason to trade long on Gold : Gold has resumed its long term up trend after trading above the 1525 support zone. we believe it is ready for the up move. So we see that gold will continue its long term trend as the technical ... [Continue Reading]
Gold (Spot) Trading Analysis for 25 May 2011, Buy above 1524
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 ... [Continue Reading]
Gold (Spot) Trading Analysis for 23 May 2011, Buy above 1507
Gold intraday trading analysis for 23 May 2011, we recommend to trade long in Gold above 1507 level for targets as 1513 and 1517. Stop loss must be placed below 1504 level. Why to trade long on Gold : Gold has been consolidating for may sessions, as this consolidation cannot be ruled out for longer period of time we expect the positive breakout targeting the 1513 zone, also the strong USD can be ... [Continue Reading]
Bullion: Gold (Spot) Technical Analysis for 20 May 2011, Buy above 1497
Gold intraday trading analysis for 20 May 2011, we recommend to trade long in Gold above 1497 level for targets as 1503 and 1508. Stop loss must be placed below 1493 level. Why to trade long on Gold : Gold has been consolidating for may sessions, as this consolidation cannot be ruled out for longer period of time we expect the positive breakout targeting the 1510 zone,also the strong USD can be ... [Continue Reading]
Gold (Spot) Trading Analysis for 17 May 2011, Sell below 1492
Gold intraday trading analysis for 17 May 2011, we recommend to trade short in Gold below 1492 level with targets as 1485 and 1478. Stop loss should be placed above 1497 level. Why to trade short on Gold : Gold was seen huge selling last week, also the strong US dollar was responsible for selling in gold. When we look at charts we see that gold will still continue its selling as it has broke ... [Continue Reading]
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