Thursday, July 03, 2008

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.


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