Wednesday, December 28, 2011

Gold Update

Friends don't buy Gold more fall is waiting, Gold is trading below 1560$ hold short with stop loss at cost or Above 1605$.
Gold weekly chart, final hope for bulls is at 1525$. closing below 1525$ on weekly basics bear will dominate the gold, no hope for bulls and no more long trading.


Nifty Chart

Today nifty closed just above our stop loss of 4680. Tomorrow expiry day, so more volatility is expected. 4670 is nifty's weekly pivot value trading below this level nifty may see more down side.




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