Gold :Offload 80% holding with stoploss of 1222-1231
26 November 2009
My target for Gold was $ 1188 after it had broken $1010 level.
It was boldly written 3 close above $1144 will take to $1209-1231.Already kissed $ 1193.
After looking at Qtly Log chart it looks Gold will have to cross and close above $ 1222 level for atleast 3 consecutive week then only real strength will come.
-Bollinger Band (Monthly ,Weekly )101% indicating sharp fall any time.
-This is first time ,Iam writing to exit and sell Gold.
-Intraday move it can flare upto 1231 too…But no worry @ all.
I think before crossing or closing above mentioned levels ,Will see panic of $80-100 very soon.
I know Traders in MCX are heavily trapped by going short in Gold ,Silver.But without levels if you will trade and not having any knowledge about International trend of Gold ,Not having knowledge related to USD ,What is the corelation between USD /GOLD ….How u can trade ???
No worry ,Join us ..will update and will navigate you about trend of any Commodity traded on exchange.
Updated at 13:08/26th November/Baroda
November 26th, 2009 at 8:40 pm
Dear sir
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i could not follow at screen.
thank u sir
venkat
November 27th, 2009 at 12:04 am
Dear sir
pl include your sms list.
am very small trader. pl give benifit and favour me.
i could not follow at screen.
thank u sir
venkat
November 27th, 2009 at 12:44 am
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November 27th, 2009 at 2:22 am
Sir,
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December 6th, 2009 at 11:13 am
[...] see on 26th November ..What I had written about GOLD ..Click here Last week after hitting new high of $ 1227 it crashed.On Friday made low of $ 1147 & closed at [...]
December 7th, 2009 at 9:10 pm
I have gone through your web site and i found there is useful information about derivities and commodities. i would like to know more details to do trade safely.
December 8th, 2009 at 11:33 pm
Dear sir
pl include your sms list.
am very small trader. pl give benifit and favour me.
i could not follow at screen.
thank u sir
SHIVAM VERMA
December 16th, 2009 at 12:06 pm
what is your subscription charges?