by Ramki | Dec 23, 2009 | Gold
Many investors and traders must be wondering about the immediate direction for Gold now that we seem to have come well below the 1100 level. My previous comment had said we need a weekly close below 1100 to cast doubts on the call for a fresh surge in the price of...
by Ramki | Dec 15, 2009 | Gold
Here is my medium term outlook for Gold. After having overshot the minimum target of 1161 handsomely and reached a high of 1226, gold has experienced a bout of profit taking. In the medium term, the outlook for gold calls for a final push higher before a serious...
by Ramki | Oct 13, 2009 | Gold
Almost a month back, I wrote in these pages that Gold will stay bid until it reaches at least 1069, and if sentiment remains strong, we could even see 1161. At that time, the precious metal was trading at 1016. Today, Gold has reached a record high and met that first...
by Ramki | Sep 16, 2009 | Gold
Every now and then I run into these situations when I have to revise my analysis of several instruments at the same time. The simple fact is NO ONE can forecast the markets. What one can do is to determine with a reasonable degree of confidence about the likelihoodof...
by Ramki | Jun 14, 2009 | Gold
Gold posts head and shoulders top Gold has closed below the neckline of what looks like a nice head and shoulders top. The neckline itself lies at 944, and will become a major resistance if the metal continues to slide towards its first target around 900. Readers will...
by Ramki | Jun 7, 2009 | Gold
Gold is showing signs of fatigue Has Gold completed its 2nd retracement that often follows a fifth wave extension? This is an important question because if Gold has indeed finished its upmove, what should follow is a significant down move that could reach 650, or...
