Gold Moving To Southwards Trend

As per we all saw that, Gold Made a high of $990 in beginning of June Month & Continuously corrected to $927 as on 17 Jun 2009. According to my trends theory, If Gold unable to break $940-960 levels, then we for see Gold prices in Comex , Nymex trades at $900-860-820-760 & In Mcx Trades at 13500 – 12800 – 12000 – 11000 in next three months. After June wedding reason is over in India for next three month .But in September jewellery Wholesalers & retailers can add more Gold in their inventory in down prices for their year end festival sales.

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COPPER IS ON BACK FOOT

After making 6 months high of Rs 258, According to my previous target, Copper continuously witness of profit booking & technical selling. But according to the latest World economic data of Unemployment , we PROPOSED our copper target in MCX of Rs 222 – 210 for next three months. Copper maintains supports zone in Mcx at Rs 206 zone. But In Lme ,Copper maintain crucial Levels of 1.720 – 1.750 & then target 1.880 – 2.011 for next three month. www.bullionguru.com

DOW JONES LOOKING TO GO BACK

DOW JONES INDUSTRIAL INDEX HOVERING NEAR 8800 LEVELS, TECHNICAL CHARTS OF DOW – JONES INDUSTRIAL SHOWING THAT DOW FACES STRONG RESISTANCE AT 8800 – 9000 LEVEL. THESE LEVELS NOT LOOKING TO CROSS BY DOW ,IF WE SEE THE ECONOMIC CONDITION OF GLOBAL ECONOMY.

THEN WE FOR SEE DOW – JONES TRADES DOWNWARD TREND HITS 8400 – 8200 – 7800 – 7400 - 7200 IN NEAR FUTURE TRADES.

BUT IF DOW JONES CROSSES THIS LEVEL THEN WE FOR SEE 9400 – 9600 – 9800 FOR MAXIMUM UPSIDE.

GLOBAL ECONOMY REVIVES OR NOT , BUT ACCORDING TO THE TECHNICAL TRENDS DOW HITS 7800 – 7400 ONE TIME IN THEIR FUTURE TRADES.

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