GOLD Trend Chart. My Request Pls See This Chart Before SELL GOLD.

#1
DOn't Sell DOn't Sell DOn't Sell DOn't Sell DOn't Sell

Gold has broken its resistance at 1641 and is
pushing higher towards the theoretical target at
1730 implied by the symmetrical triangle. We are
however reluctant to initiate a long position
given the large number of resistances near the
current prices (i.e. down trendline and 1672).
The key support at 1523 has held. Still, the
long-term succession of lower highs since the 6
September high (i.e. 1921) favors a cautious
view (possible long-term declining triangle).
My Analysis Say Didn't Sell GOLD


 

praveen taneja

Well-Known Member
#2
DOn't Sell DOn't Sell DOn't Sell DOn't Sell DOn't Sell

Gold has broken its resistance at 1641 and is
pushing higher towards the theoretical target at
1730 implied by the symmetrical triangle. We are
however reluctant to initiate a long position
given the large number of resistances near the
current prices (i.e. down trendline and 1672).
The key support at 1523 has held. Still, the
long-term succession of lower highs since the 6
September high (i.e. 1921) favors a cautious
view (possible long-term declining triangle).
My Analysis Say Didn't Sell GOLD


:rofl::rofl::rofl::rofl::rofl::rofl::rofl::rofl:

Jai Ram Ji Ki
 

praveen taneja

Well-Known Member
#9
Gold hovered near a 4-1/2 month high on Friday, poised for its biggest weekly rise in more than two months, as investors pondered the possibility of imminent bond buying by the U.S. Federal Reserve.
:rofl: Question is a country which is in minus growth have that much money ???

Its a trap or real????:confused::confused:
 

Arsh

Well-Known Member
#10
India's benchmark October gold contract extended gains this morning to hit a record high of 31,077 rupees, following a rally in the world markets and on a weak rupee.

Although the govt considers gold as a dead asset but Indians seem to be mesmerized in the gold effect... lets see how the demand goes this festive season? will gold hit $1800 mark?
 

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