Monday, July 21, 2008

Gold for the Week July 21-25 - Rakesh Chandra

Gold is up and the rally will continue this week.

Upwave (4-5) WUT3: 990 (Rs 13,786);
Upwave (2-3) WUT2: 981 (Rs 13,640);
Upwave (0-1) WUT1: 967 (Rs 13,403);

Price is bullish above 957.58 i. e. Rs 13,257 which is a weekly pivot point. Price is bearish below 952.02, i. e. Rs 13,167.

Down Wave(0-1) WLT1: 943 (Rs 13,021);
Down Wave(2-3) WLT2: 928 (Rs 12,784);
Down Wave(4-5) WLT3: 919 (Rs 12,638).

1 Comment:

Wise Man said...

arrey Rakesh ..Khud ko kitna vote daaloge in best analyst poll ? U have gone ahead of everybody in analyst poll in a week:). Inder/Viral/Santosh and others who are writing frequently from long time are lagging behind a lot. This is becoming a reality show gimmic. Ab itna 'obvious' mat karo.

KM

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