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HOW TO EARN RS.1CRORE

Monday, May 14, 2012

SILVER,GOLD INTRADAY - - The downside prevails

Our Preference: SHORT positions below 28.9 with targets @  
28.1 & 27.8.

Alternative scenario: The upside penetration of 28.9 will call for a rebound towards 29.15 & 29.45.

Comment: as long as the resistance at 28.9 is not surpassed, the risk of the break below 28.1 remains high.

Trend: ST Consolidation; MT Bullish

 
Our Preference: SHORT positions below 1577 with targets @ 1553 & 1540.

Alternative scenario: The upside penetration of 1577 will call for a rebound towards 1590 & 1601.

Comment: the RSI advocates for further downside.

Trend: ST Consolidation; MT Bullish

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