8 Comments

  1. Vikas Agrawal
    December 14, 2011

    basically .. gold chart is varying according to currency u take as base.. it $ term it may look weak .. but if u see re. wise u will feel it is bullish ..

    and if gold has tgts of 1300 in $ terms means .. $ index has 88 tgt & equities will go down to 4000 nifty

    Reply
    1. nooresh
      December 19, 2011

      Hi Vikas,

      The commodities move in their own way. Dollar Index did nothing major last few months but nymex crude did fall to sub 80 levels.

      So all the co-relations go for a toss. Better to stick with pure technicals on each of them.

      Gold is giving signals of heading towards a major breakdown.

      Nifty may or may not go to 4000 but majority of the stocks are already at similar levels.

      Reply
      1. Vikas Agrawal
        December 20, 2011

        Thanks for the reply nooresh .. ya my above comments were based past correlations which might or might not work .. gud call on gold .. hoping it soon reaches ur 2nd/3rd target too .. Keep the good work going ..

        Reply
        1. nooresh
          December 20, 2011

          Yes vikas, Co-relations have been changing very swiftly nowadays 🙁

          Reply
  2. shree
    December 14, 2011

    Gold broke the long term support of 1600.

    Reply
  3. karthik
    December 14, 2011

    Good call Nooresh bhai.

    Reply
  4. MILAN
    December 16, 2011

    ur chart on Gold has been pasted at one other site

    Reply
  5. 8 graphs on gold price movements (86 years data) | A.V POWERTECH
    June 18, 2012

    […] multiplied many folds. In the last couple of weeks, gold prices have been extremely volatile and some analysts also predict that gold price upside movement is in threat. So I found gold prices for last 86 yrs (1925 – […]

    Reply

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