As per our analysis, SHORT positions in GOLD below 1366 levels with targets as 1351 & 1337. Stoploss must be placed above 1372. Why to go Short: The price is on the downside challenging the 20 days moving average. RSI lacks upward momentum, which restricts upside. Trend: Short term: Limited upside; Medium Term: Bullish ... [Continue Reading]

Our analysis on Gold for 15 November 2010, one can go SHORT in GOLD near 1378 with targets as 1351 & 1336. Don't place stop loss, If it breaks above 1382, then go long with targets of 1397 & 1423 and exit short position. Why to go Short: The price is on the downside, challenging the 20DMA (Days Moving Average). ... [Continue Reading]

Our Analysis: Short (Sell) positions below 1343 with 1329 & 1316 targets in sight. Alternative outlook: The upside breakout of 1345 will open the way to 1354 & 1364 levels. Why to go Short: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Trend:- Short Term; Consolidation; Medium Term: Bullish. ... [Continue Reading]