Gold spot intraday trading for 21 January 2011, Gold intraday trading tips, Add Short (Sell) positions in Gold below 1354 with targets as 1342 and 1337. Stop loss should be placed near 1358 level. Why to go Short on Gold : Gold was trading lower challenging its support of 1342. But 4 hour chart tells us we have now downside till we are below 1358 level. So gold should see more selling pressure, ... [Continue Reading]

Gold spot intraday trading for 19 January 2011, Gold intraday trading tips, Add Long (Buy) positions in Gold above 1377 with targets as 1382 and 1386. Stop loss should be placed near 1373 level. Why to go Long on Gold : Gold was trading with high volatility. But we are sure this consolidation cannot be ruled out for more extend, we have now downside capped near 1370. So gold should see good ... [Continue Reading]

Gold spot intraday trading for 17 January 2011, Gold intraday trading tips, Short (Sell) positions in Gold below 1365 with targets as 1357 and 1352. Stop loss should be placed around 1369 level. Why to go Short on Gold : Gold was consolidating below its support of 1365. So we are sure unless we cross 1365 level, we have upside capped near 1365. So gold should face weakness towards 1352 level. ... [Continue Reading]

Gold spot intraday trading for 13 January 2011, Gold intraday trading tips, Long (Buy) positions in Gold above 1381 with targets as 1388 and 1393. Stop loss should be placed around 1376 level. Why to go Long on Gold : Gold was trading higher after rebound seen in Aussie (Australian Dollar) with respect to US dollar, yesterday gold has broken the bearish channel upper boundary on 1 hour chart due ... [Continue Reading]

Gold spot intraday trading for 12 January 2011, Gold intraday trading tips, Long (Buy) positions in Gold above 1376 with targets as 1384 and 1390. Stop loss should be placed around 1370 level. Why to go Long on Gold : Gold was trading flat due to volatile moves in US dollar, but gold has broken the bearish channel upper boundary on 30 min chart due to demand. So we are now bullish for ... [Continue Reading]