Technical Analysis of Indian Equities by Nooresh

≑

Gold —- Excellent Trading Opportunities

Just jotting down some of the posts done on Gold very recently.

 

A positive view initiated at 22000 levels --- Gold Medium Term View

 

Mentioned about a mad rush for gold to start once it starts trading above 1700 which would be speculative –Speculative move above 1700

 

Gold advised as getting into a long term topout zone -  Long Term Top Out

 

Gold advised as a buy around 1570 and 25600 again it jumped up 8-10% after that ------------ Gold Bottom Fishing  Another link explaining the 1770 to 1550 and 1550 to 1650 trade

 

Recent warning on Gold at 1600-1620 levels. Long term trend change on cards. 

 

As of today gold is trading at 1530 and sub 27000 on mcx. This confirms a breakdown which indicates a downside of 1450 or lower.

 

Superb trading opportunities. Yet again the warning remains on gold to be avoided as an investment with USD-INR at 53 levels. Over the next 2-3 years rupee can go back to 48-50 levels which gives a clear downside of 5-8% in that case. Gold outperformed equities in 2011 it can be the otherway round this year.

 

TECHNICAL ANALYSIS TRAINING SESSION

ONLINE TRAINING PROGRAM ---------------- JANUARY 7-8 ( At a great price and comfort from your home )

MUMBAI TRAINING PROGRAM ----------- JANUARY 14-5

This is the best time to learn technical analysis so you can spot the next turnaround. I remember people who did the course in 2008-2009 benefitted the most. So take this opportunity to equip yourself to find the next market turnaround point πŸ™‚

 

For more details speak to Kazim 09821237002. If you have any queries which you would like me to answer mail me your contact details on nooreshtech@analyseindia.com

 

Happy Investing,

 

Nooresh Merani

 

Analyse India Market Solutions Private Limited ( www.analyseindia.com )

Article by Nooresh Merani

Nooresh has written 2571 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 2 comments… add one }
  • Bhavesh December 30, 2011, 09:45

    Over the next 2-3 YEARS rupee can go back to 48-50 levels ???

    Did u mean MONTHS ???

    Reply
    • nooresh January 1, 2012, 14:41

      Hi Bhavesh,

      Its 2-3 years. This is in regards to investment in Gold not a trading recommendation on USD-INR

      Reply

Leave a Comment