Friday, November 27, 2009

Golden correction in GOLD !


Gold mini December contract daily chart @ 3.55pm.

Today Gold mini corrected heavily hitting the low of Rs.17372.00 at 1:15pm in December contract. It will be making bearish engulfing candle if it does not recover at the end of the day, or if recovers it can make a hanging man. In both case, it will be a sign of correction in strong uptrend. Can take support at 20DMA.

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