Sunday, August 26, 2012

Nifty Next- GOLD Technical Price Chart & Weekly View for 27Aug-1 Sep2012 on MCX


GOLD-I Closes at `30947 with a gain of +0.20% at MCX on 25 Aug 2012 with formation of a White Candle.As per Technical Chart, Gold is now in Over-Bought Zone.Major Momentum Indicators are also in Bullish Zone.
We Recommend to BUY / SELL / ACCUMULATE/ HOLD:  GOLD-I at CMP                   
Target : `31107.60
Stop: Loss :` 30732.00
Time Frame: 6 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based Quant Research Firm at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market,Major World Indicies,Bonds,ETFs. We use Ami Broker Charting Software (V-5.50),Pattern Explorer & AmiTools-Power Scan(V-1.3.6).You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633 Or SMS at +91 880 2230 836

 

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