Bullion Update

Support Exist at $940 - $ 946 band on daily chart from were the upmove might resume.

Readers should draw their own conclusion & take appropriate action.

Disclosure: I have position or maybe trading in above said stocks/ commodity for myself/ family members / friends / Associates.

Please go through Disclaimer on this blog.

Bullion update : 130% Return on Investment

Gold has achieved the target of $952 & moved on to $982.

Now it needs to see when gold can achieve the previous high of $1030.

The profit of a commodity trader who might have taken the action, as suggested in the post of 3rd july, is around Rs.80,000/- in two weeks i.e. almost 130% ROI. This kind of return in a slowdown :-) . So watch gold

Even investor who bought gold around Rs.11800/-($880) as mentioned in June post might be happy to see Gold @ Rs.13600/- ( $982).

I appeal to those friend to atleast donate 10% of their profit to CRY or any other NGOs who they consider the best.

Readers should draw their own conclusion & take appropriate action.

Disclosure: I have position or maybe trading in above said stocks/ commodity for myself/ family members / friends / Associates.

Please go through Disclaimer on this blog.

Gold ( bullion) on Rise

As per the last post, Gold has taken support at $850- $870 band & moved north.
On Weekly Chart,
Bullion looks to be in more bullish pattern & for a long move upward.
MACD is about to give a positive break, watch out for $1000/b in coming days.

On Daily chart,

Bullion has broken out from a pattern & is heading towards the first target of $952/b.

Confirming it, RSI has made a new high & price is yet to follow. Stay tuned

Readers should draw their own conclusion & take appropriate action.

Disclosure: I have position or maybe trading in above said stocks/ commodity for myself/ family members / friends / Associates.

Please go through Disclaimer on this blog.