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Pefect W in Gold ETF - 1st Week of June can be right tome to Invest / Trade

Discussion in 'Technical Analysis' started by shabbir, Jun 2, 2013.

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  1. shabbir

    shabbir Administrator Staff Member

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    Best Gold ETF Goldbees daily chart for 1 year is as follows.

    [​IMG]

    A down trend from 3100 to 2400 and then a perfect W is round the corner. Are you looking into investing in Gold ETF for a breakout above 2600?
     

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    shabbir, Jun 2, 2013
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  2. Prescilla

    Prescilla Member

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    Hi Shabbir,

    I am not interested in investing in Gold.

    Bye and regards,
    PF
     
    Prescilla, Jun 2, 2013
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  3. Prescilla

    Prescilla Member

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    Hi Shabbir,

    Is it head and shoulder pattern in Yes bank? If not what pattern is that? It shows a breakdown and bearish, Can we short it from 495 to a target 469? Please correct me if am wrong.

    Regards
    PF
     
    Prescilla, Jun 2, 2013
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  4. srspriya06

    srspriya06 Active Member

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    Perfect W has formed. If it breaks above 2600 its nice time to invest. Let us wait for the breakout to take place.
     
    srspriya06, Jun 4, 2013
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  5. shwetagnema

    shwetagnema Active Member

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    even I feel, nice to invest in gold etf if it goes above 2600
     
    shwetagnema, Jun 4, 2013
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  6. bharatdadlani

    bharatdadlani New Member

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    Yes its perfect W, its a good call. Today also movement is up. It should rally upto 2750.
     
    bharatdadlani, Jun 5, 2013
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