Our recommendation for 2 December 2010, Gold intraday trading analysis, Long (Buy) positions in Gold above 1383 with targets as 1396 and 1404. Stoploss must be placed at 1377 level. Why to go Long: Gold is trading strongly above its intraday support of 1378. Gold look bullish, with bulls entering market. Trend for the short term is Consolidation and for medium term its still bullish. ... [Continue Reading]

Our recommendation for 1 December 2010, Gold intraday trading analysis, Long (Buy) positions in Gold above 1381 with targets as 1394 and 1405. Stoploss must be placed at 1375 level. Why to go Long: Gold has managed to break above 1377 level which is a positive breakout, Gold now seems to touch 1405 level. We are now highly bullish on gold. Trend for the short term is Consolidation and for medium ... [Continue Reading]

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]