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Friday, May 14, 2010

Buzz from Gaurav Bhavsar

To: commoditydaily <commoditydaily@gmail.com>


 Link to this post:
 http://www.google.com/buzz/108888650464823228323/c229tvw7w7T/Gold-has-very-good-support-in-the-range-of-1156

May 6 Gaurav Bhavsar: Gold has very good support in the range of $1156-$1146; Gold has taken support @ $1157(low) on 5th May 2010 and jumped back to $1174.
The right shoulder of Inverted head and shoulder formation expanded bit more than usual after breaking above neckline, however the Greece
debt concern still holding Gold up even after recent panic in Industrial metals. Gold must cross and close above $1192 (the recent high on 4th
May 2010) to complete the target of $1248 indicated above in chart, however any point of time Gold cross and close below $1124 will
invalidate the Inverted Head and Shoulder formation target. Keep an eye on "Non-farm Payroll" releasing on Friday 7th May 2010.
May 7 amit daga: true another charts project the target to 1260, with euro more on decline gold is expected to stay upside
May 12 Gaurav Bhavsar: :) gold trading $1235 .....haaaaa
3:25 pm Gaurav Bhavsar: Target achieved gold made high of $1248 yesterday. :)



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Note- Members express their own view  & may be or may not be having investment or speculative positions in the commodity, please do not take it as buy or sell call, pl use  own judgments for buying or selling, after having discussion with your certified investment brokers or the person to whom u  have good level of confidence. once sentiment is changed from good to bad no good news work but bad news do work, investors must keep this in mind.
NEW INVESTORS SHOULD BE VERY CAREFUL.

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