Gold Spot technical update – 20 July 2010

Dear Members,

As indicated in my earlier post, gold has resistance in the range of $1226-$1230. Gold failed to cross this resistance and plummeted toward indicated support range of $1174-$1160.
Gold spot has long term trend line support (indicated in attached chart) and chances are bright that gold will bounce back again like it did before. However, If gold fail to find support in given range, next support range will be $1124-$1100.


Thanks,
Commodity Daily

You received this message because you are subscribed to the Google Groups “Commodity Daily” group.
To subscribe visit link http://groups.google.com/group/commoditydaily/subscribe 
To unsubscribe from this group, send email to commoditydaily-unsubscribe@googlegroups.com

BLOG : http://commoditydaily.blogspot.com

Note- Members express their own view  & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell call, pl use  own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u  have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.
NEW INVESTORS SHOULD BE VERY CAREFUL.

Advertisements

About investbourses

A world of Investment opportunities!
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s