Sunday, July 10, 2011

Gold EOD Technical Charts Analysis-Price Target For 11-16 July 2011

Gold ended at $ 22351 with a gain of + 0.10%  on 09 July 2011 at MCX with formation of a White Long Marubozu Candle on Daily Price Chart. Major Momentum Indicators are looking Bullish on Charts. As per Dark Cloud Cover  Analysis of EOD Chart of Gold-I of MCX, Gold is now in Uptrend for Short Term Target of $ 22689 with Strict Stop Loss at $ 22052. Closing Below $ 22052 will mark the Trend Reversal  for Bears.

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