Is Gold getting ready for another rally?

On daily chart gold moving in descending triangle having 1675-82 zones as stiff resistances, breakout above 1682 on daily closing basis would signal primary rally till 1760-1810 over midterm time frame. Immediate support seen at 1618 break below this level is less likely. Breach of 1618 zones would signal a decline that will offer 1570-1530-1470 as down side targets.

Comments

Dinesh said…

jai mata di.
Bro tell for physical view good for wait now na.tell ur view for 2 to 4 month.
In indian term now chance more down side possible na rupees look strong and u also tell it.
In indian term tell ur view also.

January 18, 2012 at 12:49 PM

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LET THE MARKET TELL WHO WE ARE

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