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]

Gold spot trading analysis for 10 January 2011, Gold intraday trading tips, Long (Buy) positions in Gold above 1360 with targets as 1371 and 1378. Stop loss should be placed around 1355 level. Why to go Long on Gold : Gold was trading lower due to weak US dollar but broken the bearish channel upper boundary on 30 minutes chart. So we are now bullish for intraday. Short term trend is ... [Continue Reading]

Gold spot intraday trading for 7 January 2011, Gold intraday trading tips, Short (Sell) positions in Gold below 1378 with targets as 1365 and 1356. Stop loss should be placed around 1384 level. Also trade cautiously as NFP data will be released shortly, this may increase market volatility. Why to go Short on Gold : Gold was trading lower due to weak US dollar and developed a bearish outlook for ... [Continue Reading]