MCX gold inches up to a new all time high of Rs23420 . Trading sentiments turned extremely bullish after gold climbed towards a record in New York as concern that global economic growth may be slowing, spurred demand for wealth protection. Hourly charts of SDA2 trend trading charts are shown with buy signal holding on the hourly charts since 29th July 2011. Stochastic the leading indicator is currently above the overbought zone(Greater than 80).
Gold prices were hitting record highs Tuesday as the Bank of Korea announced it bought gold for the first time since 1998, reminding investors of gold’s large safe haven appeal as global economies slow.
Related Readings and Observations
RBI’s Warning on Trading Bitcoins and Virtual Currencies Reserve bank on Indian on its circular issued a warning to all Virtual Currency users including Bitcoin users in India about the potential financial, operational, legal, customer […]
FAQ’s For Sabero Organics Why should I buy when the volumes traded are so low? Sanju"S Reply: "It has formed a base over 1 years, bottom over. Yes volumes are low ,but if u want to buy when volumes r high […]
Transfer money from PayTM Mobile Wallet to Your Bank Account Instantly PayTM, Delhi NCR based largest mobile commerce player enabled IMPS transfer service. With this PayTM users can transfer money from PayTM mobile wallet to any of the bank account in India. […]
Nifty and Bank Nifty August Overview Last friday nifty lost close to 118 points intraday due to fears of a decline in global money flows if the United States, increases interest rates and due to Argentina's second default in […]
Short Overview of State of Nifty and Economy
Everything remains the same --- Reliance Lags Nifty --- Nifty Wintess 3 Week Top Formation in Weekly Charts --- Trin is above 1 --- FII's Remain Netsellers --- Dollar […]
Supertrend Backtest report for July Nifty future Series from 29th June 2012 till date Supertrend Report from 29th June 2012 to 26th July 2012 for 5min Nifty futures with 2 Lots(100 Shares). . And This report doesn't involves partial profit booking and the result may vary if […]
Leave a Reply