Looking at the daily charts we found that gold has resumed its long term bullish rally and this may continue as long as there is clear view from the Italian economy. As gold is always considered as safe asset class so the money is now flowing into the gold related assets in large form, this is the reason why the gold is trading at its all time high level. Charts suggest that Gold has created a ... [Continue Reading]
Trading Gold (Spot) on 13 July 2011, Buy Above 1560, Target 1574
Looking at the Gold charts we see that rally has started from the 1480 level and is continuing, Since then the price action has made the series of higher high and higher lows suggesting us the strong uptrend. This has created a rising trend line, So we see further strengthening in short from here. This makes the short term trend to bullish and also same for the medium term. Today’s trade is ... [Continue Reading]
Bullion: Gold (Spot) Trading Level Analysis for 4 July 2011, Sell below 1499
Gold intraday trading level analysis for 4 July 2011, we recommend to trade short in Gold below 1499 level for targets as 1492 and 1487. A protective stop loss order should be placed above the 1503 level. Reason to trade short on Gold : Looking at the charts we see that the price action has broken below the bullish channel lower boundary and is now making the series of lower low and lower highs ... [Continue Reading]
Gold (Spot) Trading Level Analysis for 1 July 2011, Sell below 1507
Gold intraday trading level analysis for 1 July 2011, we recommend to trade short in Gold below 1507 level for targets as 1500 and 1496. A protective stop loss order should be placed above the 1509 level. Why to trade short on Gold : Looking at the charts we see that the price action has broken below the bullish channel lower boundary, So we see further consolidation before any up move from here. ... [Continue Reading]
Gold (Spot) Trading Analysis for 30 June 2011, Buy above 1504
Gold has become the favorite investment of the people over the time and this becomes difficult for traders to enter the buy/sell trade so we are here with our daily articles on gold trading. Gold intraday trading analysis for 30 June 2011, we recommend to trade long in Gold above 1504 level for targets as 1511 and 1515. A protective stop loss order should be placed under the 1500 level. Why to ... [Continue Reading]
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