Wednesday 14 January 2015

TECHNICAL VIEW ON GOLD:-

UPDATE 28-01-2015
SORRY FOR THE LATE UPDATE AS I WAS NOT IN TOWN GOLD MADE HIGH OF 28271 FROM 26840 MEANS 1,40,000 PROFIT PER LOT HAHAHAHAH CHEERRSS~~!!
 
UPDATE 15-015-2015
26840 TO 27546 TILL NOW CHEERS AS SAID BELOW GOLD WILL FLY TOWARDS 28250--28550 SEE RESULT NOW....700 POINTS IN A DAY WHAT ELSE YOU WANT???HOLD AND AGAIN BUY IN DIPS....SOON 28550 WILL SEE CHEERRSS~~~!!! :)
 



COMEX GOLD FEB CMP 1228  FROM THE ABOVE CHART WE CAN SEE PRICES FORMED AN INVERSE HEAD AND SHOULDER PATTERN AND PRICES HAVE BROKE ABOVE THE NECKLINE OF 1228 YESTRDAY AND MADE A HIGH OF 1244.50 WHICH INDICATES A BULLISH SIGN FOR PRICES IN FUTURE. MACD IS ALSO ABOVE THE ZERO LINE INDICATING BULLISHNESS.RSI IS ALSO IN A NETURAL ZONE INDICATING PRICES ARE NEITHER OVERBOUGHT NOR OVERSOLD.PRICES ARE CURRENTLY TRADING ABOVE THE 8DAY EMA AT 1219 AND ABOVE 20DAY EMA AT 1208 AND ALSO THE 50 DAY EMA AT 1205 INDICATING BULLISHNESS. SO CONSIDERING THE ABOVE BULLISH SCENARIO, WE COULD SEE PRICES HEADING TOWARDS 1305---1345 IN NEAR FUTURE.

VIEW:- FROM THE ABOVE DETAILS WE CAN BUY  AT CMP 1228-30 AND IN DIPS TO 1201 FOR TARGET OF 1305--1345RISK WILL BE AT 1179.IN DOMESTIC MARKET, RUPEE MOVEMENT COULD PLAY AN IMPORTANT ROLE AND IF WE SEE RUPPE APPRECIATION IN THIS PERIOD UPSIDE COULD BE LIMITED.NEVERTHELESS, IN MCX ALSO PRICES LOOKS COULD EDGE HIGHER TOWARDS 28250---28550 LEVELS IN NEAR TERM RISK WILL BE AT 26250.

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

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