Gold intraday trading analysis for 16 May 2011, we recommend to trade short in Gold below 1495 level with targets as 1487 and 1482. Stop loss should be placed above 1498 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]

Gold intraday trading analysis for 3 May 2011, we recommend to trade long in Gold above 1543 level with targets as 1549 and 1554. Stop loss should be placed below 1538 level. Why to trade long on Gold : Gold has seen good supportive buying. Also the weak Dollar is responsible for bullishness in this yellow metal. Also when we look at charts we see that gold is supported by rising trend line, ... [Continue Reading]

Gold intraday trading analysis for 29 april 2011, we recommend to trade long in Gold above 1529 level with targets as 1538 and 1543. Stop loss should be placed below 1525 level. Why to trade long on Gold : Gold has seen good supportive buying. Also the weak Doller is responsible for bullishness in this yellow metal. Also when we look at charts we see that gold is supported by rising trend line, ... [Continue Reading]

Gold intraday trading analysis for 20 April 2011, we recommend to trade long in Gold above 1499 level with targets as 1508 and 1513. Stop loss should be placed below 1496 level. Why to trade long on Gold : Gold has seen good supportive buying. Also the Dollar factor is responsible for bullishness in this yellow metal. Also when we look at charts we see that gold is supported by rising trend line, ... [Continue Reading]

Gold intraday trading analysis for 14 april 2011, we recommend to trade long in Gold above 1458 level with targets as 1466 and 1471. Stop loss should be placed below 1455 level. Why to trade long on Gold : Gold has witness profit booking in last 2 sessions. This profit booking can be seen as buying opportunity as long as gold trades above 1430 level. Daily technical indicators are also confirming ... [Continue Reading]