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.

Nifty Update : Red Candle @ Bollinger Band resistance

A big red candle with shadow touching the upper band of bollinger.

Caution ahead.

Disclosure : I am holding Short positions.

Disclaimer : Pl read the disclaimer mentioned in the blog.

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.