Next Logical Gold Price Target, Probably Within Two Days, is US$990

Next Logical Gold Price Target, Probably Within Two Days, is US$990

Gold Price Close Today : 967.50
Change: 10.90 or 1.1%

Silver Price Close Today : 14.688
Change: 44.3 cents or 3.1%

Platinum Price Close Today: 1266.50
Change: 27.00 or 2.2%

Palladium Price Close Today: 276.65

Change: 4.00 or 1.5%

Gold Silver Ratio Today: 65.87
Change: -1.283 or -1.9%

Dow Industrial: 9,320.19
Change: 33.63 or 0.4%

US Dollar Index: 77.76
Change: 0.17 or 0.2%

The Gold Price was not to be denied today, with a steady climb upward from opening bell to Comex close and beyond to 970.05, then settling down to mid US$960s support. The gold price rose 10.90 to close on Comex at 967.50. This has crushed resistance at 960, so next logical gold price target, probably within two days, is US$990. The MACD indicator shows this rally could go on for another four weeks, but the RSI looks overbought.

Climbing the same old wall of worry. I notice that I have spells of doubt -- is this really it? Crazy, but maniacal silver & gold bug that I am, my thoughts have fought every rally, all the way up. Human propensity to worry.

Commodities Tips:-

buy Mcx Silver @ 21930.

Stop loss @ 21840.

Target 22000-22100..............

My new Tip on Indian sahre market is as Follow.

Buy Nifty @ 4545.

Stop loss @ 4505.

Target @ 4563-4585-4610.

Tips of Trades in Mcx Markets as on 30-07-2009.

Traders Keep watching my tips on Mcx Market.

Sell Mcx Natural Gas Below 171.10.

Stop loss 175.30.

Target 162.

Buy Mcx October Gold Above @ 14681.

Target 14712, 14804, 14936.

Stop loss 14646.

Sell Mcx October Gold Below @ 14646.

Target 14562, 14430, 14363.

Stop loss 14681.

Buy Mcx August Crude Above @ 3127.

Target 3157, 3217, 3316.

Stop loss 3083.

buy Mcx August Crude @ 3083.

Target 3100, 3141, 3161.

Stop loss 3050.

Trades of Gold, Silver and Crude in International Markets.]

The trends of Gold and Silver at present time on 29-07-2009 is Bearish but i still believe that is for short time. I still Suggest Peoples To Sell Gold, silver and Crude.

At present the Rate of Gold in International Markets is 933$/ounce

the Rate of Silver in International Markets is 13.56

the Rate of Crude in International Markets is 66.69$/barrel

So u are waiting for what to do at this time.

I Suggest Sell Gold for very short term from here. Target:- 918$/ounce

Sell Silver also for very short term from here. Target:- 13.15 to 12.95 may be even more less Check at that Time.

Sell Crude also for very short term from here:- Target:- 62$/barrel to 58$/barrel Check at that time.

Check out my Posts daily for more free Tips and News which effects Markets.

Trades at your own risk. Date:- 29-07-2009

I am going to give you a tips of MCX gold and crude trade.
Buy glod Mcx Above @ 14802. Target 14853-14954-15057. Stop loss-14729.
Sell August Gold Mcx Below @ 14729 Target 14707-14563-14316. Stop loss-14802.
Buy August Crude Mcx Above @ 3272 Target 3287-3319-3460. Stop loss-3241
Sell August Crude Mcx Below @ 3241 Target 3227-3176-3084. Stop loss-3272