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DAILY GOLD TREND FOR 01DEC 2010

Yesterday gold and silver showing confirm uptrend
due to euro countries debt  and Korea tension. Above $ 1392
gold looks like to test all time high $ 1424 near feture.

Silver also contuning on uptrend path and there is no
resion to back before $ 30 near future.

Intraday trader also keep an eye on US data release on
thrusday and friday Jobless claim and Dec unemployment
this will confirm the path of presious metal.

HAPPY BUYING

MY COUNTS FOR 01/12 FEB GOLD


RESISTENCE #2...........$ 1406.00(MCX Rs 21033)
RESISTENCE #1...........$ 1395.00(MCX Rs 20906)
PIVOT #.........................$ 1379.00(MCX Rs 20747)
SUPPORT #1.................$ 1368.00(MCX Rs 20620)
SUPPORT #2.................$ 1352.00(MCX Rs 20460)

RECOMMENDATION : BUY GOLD ABOVE 20900 ($1392) CONFIRM SAFE HEAVN BUYING

MY COUNTS FOR 01/12 MARCH SILVER












RESISTENCE # 2.............$ 29.40 (MCX Rs 44444)
RESISTENCE #1..............$ 28.95 (MCX Rs 43850)
PIVOT #...........................$ 27.95 (MCX Rs 42850) 
SUPPORT #1...................$ 27.50 (MCX Rs 42300)
SUPPORT #2...................$ 26.90 (MCX Rs 41510)

RECOMMENDATION : BUY SILVER NEAR 43000 CONFIRM UPTREND

RAHUL KUMAR
GOLD Analysist

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