Posts
MTECHTIPS:-Gold weekly prediction for 11 to 15 June 2012
GOLD comex closed at 1592 and this week selling made pressure on gold comex and we seen correction from 1626 to low of 1553.much more volatility expected ahead in bullions as QE3 and Greece poll result are ahead.traders should remain long on gold above 1595 with targets of 1658 to 1695 in next week but below this correction upto 1560 and lower expected.levels are wide open due to high volatility.indicators already given buy signal at 1578!!MCX Goldfuturein this week opened gap up rallied to new high on hope of QE3 and weak rupee!!but as FED given no signals on QE3 gold corrected upto 29,100 from 30,300!!for next week gold above 29,300 remain bullish for targets of 29,900+ while 29,000 and 29,300 is no trade zone.below 29,000 selling will triggers and target will be 27,900 for mid term.
GOLD comex closed at 1592 and this week selling made pressure on gold comex and we seen correction from 1626 to low of 1553.much more volatility expected ahead in bullions as QE3 and Greece poll result are ahead.traders should remain long on gold above 1595 with targets of 1658 to 1695 in next week but below this correction upto 1560 and lower expected.levels are wide open due to high volatility.indicators already given buy signal at 1578!!MCX Goldfuturein this week opened gap up rallied to new high on hope of QE3 and weak rupee!!but as FED given no signals on QE3 gold corrected upto 29,100 from 30,300!!for next week gold above 29,300 remain bullish for targets of 29,900+ while 29,000 and 29,300 is no trade zone.below 29,000 selling will triggers and target will be 27,900 for mid term.
No comments:
Post a Comment