Monday, November 4, 2013

Gold Analysis

Gold Analysis

We went short at 1321 and cleared our position at 1315.40. Due to internet connectivity issue we were unable to share our gold analysis here. however we shared it on our website.
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Friday, November 1, 2013

Gold Analysis

Gold Analysis, 1 November,2013  Trend is sideways to Negative

Gold continued losing prices for the third consecutive say. Price of Gold closed at 1322 losing $19.87. Selling pressure forced gold below the 14-DMA and the 100-DMA. The MACD is
supporting lower prices in future and the RSI is signaling a negative trend ahead.
Support                     1313.00  1308.00  1302.00   1296.00   1288.00
Resistance                1321.00  1328.00  1336.00   1342.00   1346.00

Gold Analysis

We are neutral as the picture is not clear for sell here . We are not in favour of buying above 1308

Gold Analysis

We sent emails to all of our registered members,
"We went long at 1321 , we suggest clearing the long position here @ 1326.30"
Currently scenario is not clear we will update later if we find any suitable entry point