Technical view 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.



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Nooresh Merani


Analyse India Market Solutions Private Limited ( )

Article by Nooresh Merani

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{ 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 ???

    • 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


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