Our recommendation for 30 November 2010, Gold intraday trading analysis, Short (Sell) positions in Gold below 1377 with 1367 & 1357 as intraday targets. Stoploss must be placed right near 1383 level. Why to go Short: The price has struck against its resistance near 1378 level and a bearish flag pattern is taking shape calling for further downside. Trend: Short term: Consolidation; Medium ... [Continue Reading]

Our recommendation for 29 November 2010, Gold intraday trading, Short (Sell) positions in Gold below 1367 with 1357 & 1346 as intraday targets. Stoploss must be placed right near 1373 level. Why to go Short: The price has struck against its resistance near 1367 level and a bearish flag pattern is taking shape calling for further downside. Trend: Short term: Consolidation; Medium Term: ... [Continue Reading]

Our recommendation for gold intraday trading, Long (Buy) positions in Gold above 1364 with 1383 & 1394 as intraday targets. Stoploss must be placed below 1359. Why to go Long: Gold has been consolidating for last few weeks and we see RSI turing up now, giving sufficient momentum to face its resistance. Trend: Short term: Consolidation; Medium Term: Bullish ... [Continue Reading]

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]