Wednesday, December 16, 2009

Bullion Update


Bullion after giving tremendous boost to our portfolio, has corrected a bit. In an attempt to find

next possible entry level, I had tried three parameters. Surprisingly the level around

$1100 seems to be the common support level.

The Fibonacci support( Blue lines) , Bollinger Band ( Red) & Trend line (Green) seems to be

converging near $1100.

Presently Gold is around $1130, so chances of getting around the support level are more in this

week itself.



Nothing in this post should be considered as an investment advice. Readers can draw their own conclusion about the promise and potential.

Please go through the Disclaimer.

P.S : A special thanks to YashRaj for call outs feature.

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