pushkan
12th February 2009, 04:13 PM
Attached is long term chart for GOLD. As can be seen, the down-trending
white trendline has been breached.
Horizontal equivalent resistances stand at 967 & thereafter around 1010. If we close & sustain above 1010, expect at least 20% upside till 1200 by year end.
Immediate supports could be around 870-850 level. We can purchase around these levels.
white trendline has been breached.
Horizontal equivalent resistances stand at 967 & thereafter around 1010. If we close & sustain above 1010, expect at least 20% upside till 1200 by year end.
Immediate supports could be around 870-850 level. We can purchase around these levels.