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IndiaMCX's review
Investment Sector: Commodities Submitted by Indiamcx 
, Sr. Technical Analyst & Portfolio Manager (Commodities)
at IndiaMCX Advisory Services
3 months ago Add Tag |
IndiaMCX Market Updates 20th Aug 2008
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H! Friends,
Yesterday Whole Market Opened Lower Nodes Than It Bounce Sharply & B4 Comex Opening Again It Fallen Rapidly But Due 2 Technical Bounce & Short Covering Gold/Silver Rebound Sharply & Today Also They Both Eaten 1st Resistance. It May Be A Sign of Ending of "Bear Rally".
If Gold "Break/Holds/Closed" Above $850 Than It Will Be An Perfect Reversal Confirmation & Must Be The Indication of Next "Bull-Rally" In Gold; Till Not Closed Above $850 Positional Traders Can Sell On Pull Back Rallies. Next "Multi-Level" Crash in Gold Only Below $765 Till Market Will Be Trade in A Band.
Disclaimer: This Research Report is prepared for general information. Opinions & estimates contained herein are subject to change without notice. The data and information herein provided is believed to be reliable but IndiaMCX Advisory Services does not warrant for its accuracy or completeness. IndiaMCX Advisory Services or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading may result in huge losses. Traders doing so are doing at their own risk. We are not responsible for any damages.
Yesterday Whole Market Opened Lower Nodes Than It Bounce Sharply & B4 Comex Opening Again It Fallen Rapidly But Due 2 Technical Bounce & Short Covering Gold/Silver Rebound Sharply & Today Also They Both Eaten 1st Resistance. It May Be A Sign of Ending of "Bear Rally".
If Gold "Break/Holds/Closed" Above $850 Than It Will Be An Perfect Reversal Confirmation & Must Be The Indication of Next "Bull-Rally" In Gold; Till Not Closed Above $850 Positional Traders Can Sell On Pull Back Rallies. Next "Multi-Level" Crash in Gold Only Below $765 Till Market Will Be Trade in A Band.
Disclaimer: This Research Report is prepared for general information. Opinions & estimates contained herein are subject to change without notice. The data and information herein provided is believed to be reliable but IndiaMCX Advisory Services does not warrant for its accuracy or completeness. IndiaMCX Advisory Services or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading may result in huge losses. Traders doing so are doing at their own risk. We are not responsible for any damages.
If You Need IndiaMCX Market Updates in Your E-Mail than Just Click the Link http://groups.yahoo.com/group/indiamcxmarketupdates
Regards!
Bharat
IndiaMCX Advisory Services
Baljeet Nagar, New Delhi-110008 (INDIA)
+91+9811526475
+91+9873068342
+91+9999338404
E-Mail: indiamcx@yahoo.co.in & indiamcxonline@yahoo.co.in
www.indiamcxonline.com
Baljeet Nagar, New Delhi-110008 (INDIA)
+91+9811526475
+91+9873068342
+91+9999338404
E-Mail: indiamcx@yahoo.co.in & indiamcxonline@yahoo.co.in
www.indiamcxonline.com
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