Thursday, May 27, 2010

EXPECTATIONS FOR 27TH MAY 2010

SPOT  GOLD  ::  

Expect higher range of 1217$-1233$ to be tested.
Traders got into long positions yesterday as mentioned can keep a stop loss of 1200$.



SPOT  SILVER  ::  

Traders can Exit long positions on rise to 18.11$-18.38$ as the opportunity arises.
Sell on rise to 18.11$-18.28$ with a  stop loss of 18.40$.
Cover short positions at 17.85$-17.42$ as the opportunity arises.
Buy on rise and close above 18.40$ with low of the day stop loss.

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