Sunday, July 3, 2011

Nifty Next-Gold EOD Technical Chart Analysis For 4-9 July 2011


GOLD-I ended at INR 21695 with a gain of + 0.30% with formation of a Bullish Harami Candle on Daily Price Chart at MCX. WE have seen a Clear Pattern Reversal on Daily Price Chart. Major Momentum Indicators are looking Bullish( Coming Our From Bearish Zone) .PZO & Buyer-Seller Force Index are moving upward. We may see a Rising Sun Pattern, a Mid-Term Uptrend in Gold, if it trades above 22206. GOLD-I may Touch 23420 in Short Term.

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