Gold : Trend Line Channel

Trend Line was broken intra day basis, but Bullion finally closed above the trend line & yet another time , trend line has saved the bulls.

Gold is moving in a channel & likely to meet the upper band around $980, currently trading at $ 952+.




Readers can draw their own conclusion about the promise and potential.

Please go through Disclaimer on this blog.

Disclosure: I may have position in above said stocks/ Commodity for myself/ family members / friends.

Gold ( Bullion ) Technical Trend Update

Trend Line is been tested & presently Gold is trading @ $911. As long as Gold stays above the trend line there are chances of making new high.

Stop loss should be placed below the trend line on closing basis.

Readers can draw their own conclusion about the promise and potential.

Please go through Disclaimer on this blog.

Disclosure: I may have position in above said stocks/ Commodity for myself/ family members / friends.

Gold - RSI Indicator Bullish cross over

As mentioned in previous post, Relative Strength Index is about to give a bullish cross over its signal line.

More over, the band & the trend line seems to be converging around $890 level. A bounce can be expected from this level.

Have a watchful eye on Candle stick formation around this level for a good entry. Stop loss is must in this volatile market.

Readers can draw their own conclusion about the promise and potential.

Please go through Disclaimer on this blog.

Disclosure: I may have position in above said stocks/ Commodity for myself/ family members / friends.

Bullion - Update

Bullion ( gold ) breaks below the neck line & the Head & shoulder pattern was negated.

Still it is in uptrend & will remain so untill it breaks below the blue trend line.

Further down it has support at $850 also.

RSI is about to give a positive break out. Watch out for confirmation.

Please go through Disclaimer on this blog.

Disclosure: I may have position in above said stocks/ Commodity for myself/ family members / friends.