Tuesday, October 5, 2010

GOLD TARGET $ 1500- $ 1600

GOLD TARGET $ 1500- $ 1600



Observations:

Rising Support Trend line from point 4 to point 5 and price support the trend line at $ 1039.00 on Feb 2010 and $ 1156.55 on July 2010.

Rising Resistance Line from point 1 to point 3 has projected the price TARGET OF GOLD $ 1500 And Retracement Target is $1601.00


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Report By: Pradeep Karnani
Research Analyst Mobile: 09966028055
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FOR PRIVATE CIRCULATION ONLY
DISCLAIMER: Stock & Commodity trading is a high-risk movement. The above recommendations are based on Technical Analysis. Any major fundamental news or market sentiment can make these levels irrelevant or unsuccessful. The targets and time frame for the same mentioned above are indicative and may vary depending upon the market situation. Receivers are urged to exercise their own judgment in trading. Any action you choose to take in the markets is totally your own responsibility. We (TRUE INFOTEC) will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the commodities mentioned herein the writers may or may not be trading in the securities mentioned.
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