Commodities
Friday, September 08, 2012
GOLD IN INR
GOLD in INR: (Short term target achived/ At very crucial levels)
Gold in INR closed @31468 on 05\09\2012. It made high of 31543 near short term target levels as mentioned below on charts ( i.e- Uppper end of channel- tgt-31500). Its trading at very crucial levels & also touched higher end of first channel as per chart attached. Able to break it on upside further , will lead to rally towards higher end of 2nd channel as per 2nd chart attached for the target of 34000-34200. One should watch Gold behaviour at these levels, sustain above 31600 (resistance) levels will confirm further uptrend in gold
It has strong support near 30000-30300 levels in short term. One can trail long till these support levels holds for higher levels targets.
It has strong support near 30000-30300 levels in short term. One can trail long till these support levels holds for higher levels targets.