November 8, 2010

GOLD may hit 1400

CHART-III
  • As discussed below GOLD has crossed 1400.
  • Sustaining above 1400 this commodity can touch 1420 in the short term.
CHART-II
  • Gold has broken 1387 as discussed below and has made an all time high.
  • Next target is 1400.
CHART-I
  • Gold may hit another all time high soon.
  • 1387 in weekly chart will remain as a resistance area. But today's price action seems to be have enough momentum to take out 1387.

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