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Gold -Crude :Update

  
Analysis, Crude, Education, Gold / Silver
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GOLD-BARS

After Hitting all time High of $ 1227 .50 it crashed to 1075 level and rallied upto 1163.There after nonstop slide upto 1044 was there.

-Just see Daily chart and Look at Head & Shoulder Formation.

-Already broken Neckline and retraced upto Neckline.

Revival should be considered as Best opportunity to exit only.

-I will write about Head & Shoulder target in next 2-3 days.

Now ,What to expect from $1076 level ?

-Thirsty Traders ,Just watch $ 1084-1089 level very closely.Once crosses $1089 and closes above this level will take to $1104-1109 level.

-Nearest support $ 1063,break will create fresh selling.

To know MCX levels of GOLD ,Silver /Base Metals join us.

oil-on-scale

MCX Traders ,Can watch these levels for Crude Oil

3512-3532.

Once crosses then will zoom to kiss 3592-3612 level.

For timebeing worst is over for Crude.Will give more Details to our Subscribers.

Updated at 7:22/11th Feb/Baroda

Gold :$ 1141.50 is Last Hurdle

  
Analysis, Education, Gold / Silver
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GOLD-3rd March

In my last update on 20th Feb’10,I had written it will face Hurdle at $ 1134-1141.50.It kissed $1131.50 & crashed upto $ 1088 level and there after taken U-turn.

Again Yesterday made high of $1137.60.

Now ,What to expect ?

Just watch $1141.50 level.Two consecutive close above this level will take to $1164-1171.50 level.

-Don’t panic  at lower levels.

-I will update MCX levels to our Subscribers.

Updated at 6:34/3rd March/Baroda

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