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Friday, February 24, 2012

MCX GOLD MULTI BAGGER TGT ALMOST ACHIEVED ! DAYS HIGH 28944 AGAINST GIVEN 1ST TGT 28998 HOWEVER 2ND TGT IS STILL ACTIVE @ 29242 ; ON 13TH FEB GOLD MADE A LOW OF 27958 (27955 BEST BUY & SUPP) & BOUNCED SHARPLY

Feb 11 (12 days ago)

GOLD TRADING RANGE AHEAD : 13 FEB 2012

BEST BUY & SUPPORT IS @ 27956 ACTUAL RESIS & BEST SHORT LEVEL IS @ 28200 A BREAK ABOVE 28556 UPSIDE TGT IS 28998/29242 ; A CRACK BELOW 27888DOWNSIDE TGT INTACT @ 27158/26915


**THE TIME FRAME OF THE PATTERN IS EXPIRED ONLY WHEN 1ST TARGETS ARE ACHIEVED ON EITHER ENDS**

TRADERS SHOULDN'T GET CONFUSED WITH WEEKLY RANGE & NEAR TERM RANGE

NEAR TERM = 1 TO 4 WEEKS

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