Commodities
Wednesday, November 24, 2010
GOLD ( Indian)
GOLD (INDIAN): (STILL ROOM FOR UPSIDE)
Gold (Bullish):
It has closed at 20512 as on 22.11.10. Gold is in wave-5 UP, as I written in my original bullish view of gold for the target of 20800 as on 3-5-2010.
It has extended in wave-5. We are now looking for target-1 of 21700 in gold (i.e. till Upper end of channel) for wave-iii of 5 & then after, final target -2 of 23500 in wave-v of 5.
One should use every decline to BUY Gold with SL-19198 for higher targets.
It has closed at 20512 as on 22.11.10. Gold is in wave-5 UP, as I written in my original bullish view of gold for the target of 20800 as on 3-5-2010.
It has extended in wave-5. We are now looking for target-1 of 21700 in gold (i.e. till Upper end of channel) for wave-iii of 5 & then after, final target -2 of 23500 in wave-v of 5.
One should use every decline to BUY Gold with SL-19198 for higher targets.