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- HareshBM replied Dec 2, 2014
Bounces from immediate support (1150 area) and now reversing from important resistance (1220). Bearish bias remains intact for a drop below 1100 mark, which is negated only once it clears 1245-50 resistance after climbing above 1220 resistance. ...
- HareshBM replied Nov 26, 2014
the current trading range remains intact... any big-move seems to be short-lived until it either breaks above 1220 strong resistance or drops back below 1180-75 immediate support. Strength above 1220 might not suggest reversal but a possible ...
- HareshBM replied Sep 9, 2014
Gold nearing a very critical support near $1250-45. Could see a potential bounce-back towards $1275. However, a break below the support would open room for accelerated downfall towards $1200 mark. Started accumulating at current levels, initially ...
- HareshBM replied Aug 13, 2014
Is Gold heading back below $1300 mark ? Would ideally wait for a break below 38.2% Fib. retracement level support before initiating fresh short position for a downside target of $1290.
- HareshBM replied Jul 3, 2014
15-min chart, anticipating Gold to break below the trend-line support and drift lower to re-test 1312-13 level.
- HareshBM replied Jul 1, 2014
It seems a bullish break-out, suggesting continuation of the recent appreciating trend. Would continue to remain buyer on every dip for initial up-move till 1350 and then 1370. Would be cautious only if it breaks below 1310
- HareshBM replied May 28, 2014
yes, break below 1260 could expose 1220-10, which seems unlikely as seller would wait for some retracement, at least till 1277-80, to initiate fresh shorts.
- HareshBM replied May 28, 2014
Holding the "Golden retracement", 61.8% level, potential bear trap. 50-day SMA is still above 100-day SMA and 200-day SMA. seller might be caught on the wrong side if we do witness some sharp reversal. Ideally would wait to break below 1260 for a ...
- HareshBM replied May 27, 2014
Last hope for bulls only if holds above 1265. A break back above 1300 would be highly bullish indication at least till 1330 and 1350. Above 1350 there is no looking back till 1400-1450 in the very near-term.
- HareshBM replied May 27, 2014
50-day SMA is still above 100-day SMA and 200-day SMA. Moreover, 100-day SMA has also started moving above 200-day SMA. Hence, short to medium-term prospects for Gold seems bullish. A move back above $1300 mark could easily lift the yellow metal to ...
- Posts by Member Search: 'HareshBM'