Gold Technical View :
Look for some bottom fishing at current levels of 1570 and 25600( MCX next month ) or buy Gold ETFs be ready to see another 2% cut in bad conditions.
We expect a good bounce of 5-7% from current levels. Stoploss 1520 $. Can move to 1610/1650.
WE HAD WARNED ABOUT A 15-20% correction IN GOLD PRICE AROUND 10 days and can see 1600 dollars and the current move in gold is similar to what happened to Silver from 50 dollars !!!
Check the link below
https://www.nooreshtech.co.in/2011/09/gold-possible-top-out-on-long-term-charts.html
Regards,
Nooresh
September 26, 2011
what about silver nooreshsir?
September 26, 2011
Hi kunaal,
I think silver has also bottomed out and may now bounce back to 32
September 26, 2011
hi Nooresh,
you are again spot on, quick question, can i buy Apollo Hospital now?
September 26, 2011
bhanu,
yes as a defensive
September 27, 2011
Hi Nooresh,
so with Gold today (27 sep 11) at USD 1663 and silver at USD 32.17, what is your advice? Should we buy at this price and for what price expectation.
Please revert.
thanks.
September 27, 2011
Hi Jaya,
the trade is done right now looking for short opportunities
September 27, 2011
sir,now gold near 1650$ as u sail i shorted near 1680$ ,whr shd is best to cover shorts
September 27, 2011
Cover around 1645/1620 keep stoploss of 1685 now.