GOLD WEEKLY STRATEGY INITIATED ON "November 28 at 1:10am near Mysore" BANG ON TGT :
NYMEX , COMEX GOLD TREND & TRADING STRATEGY FOR THE WEEK AHEAD : 28 NOV 2011
GOLD WEEKLY TRADING LEVELS
BEST BUY & SUPP @ $1690 ACTUAL RESIS & BEST SHORT LEVEL $1704.30 A BREAK ABOVE $1726 UPSIDE TGT $1750/$1764 ; HOWEVER A CRACK BELOW *** DOWNSIDE TGT ****/****
CMP – 1683.35 (ven initiated)
DAILY TREND
COUPLE OF INDICATORS ARE BELOW THE SUPPORT ZONE , FAST SCO MOVING SOUTHWARDS ..THE CHARTISTS TRY TO GIVE SUPPORT & PUSH THE PRICES UPSIDE, BUT THEIR EFFORTS IS FOR NOTHING
BEARISH WITH BULLISH STREAKS
WEEKLY TREND : ********
TRADED PATTERN : GOLD FIRST MADE A VIOLATION OF OUR REVERSAL PIVOT 1726 BY MAKING A HIGH OF 1730 & GAVE A HINT ILL BE BACK "SUPER CHARGE BULLS ALERT"... FROM THERE IT FELL SHARPLY TO 1704.30 (OUR WEEKLY RESIS & BEST SHORT- & ALSO WHEN PRICES TRADE ABOVE OUR GIVEN RESIS THE RESIS ACTS AS SUPP) FROM THERE IT BOUNCED & MADE A HIGH ABOVE 1750 (OUR 1ST TGT) ..THEN CONSOLIDATED @ 1740 LEVELS ..FROM THERE ONCE AGAIN THE BULLS CHARGED MAKING A HIGH OF 1762.55 AGAINST OUR GIVEN 2ND WEEKLY TGT 1764.
Didnt our strategy Hit the Mark irrespective of fundamentals , news & technicals ?
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