Tuesday, November 9, 2010

Gold


MCX Gold
COMEX Gold

after strong bullish near 20400 levels in MCX , i think u should very cautious to take long position in gold. probably it may touch 20600 levels at higher side but i am just looking for bearish which is 17000 levels in mid term.

these two charts indicates bullish pattern must be convert in correction mode or bearish mode so we have to wait for inverse U turn on higher side to taking short position