Gold trading Calls | forecast : To trade higher until mid Aug 2009.

Posted by TradingCalls on Jul 19th, 2009 and filed under Featured, Gold, Gold Trading Tips | Calls, Precious Metals. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Gold trading Tips forecast : To trade higher until mid Aug 2009.

MUMBAI (GoldTradingCalls) — Gold futures has made a intermediate boottom on July 13th making a Trading cycle low and has since reversed upwards. Elsewhere news reports were upbeat on U.S. housing report, boosting sentiment in commodity trading and raising gold’s appeal as a hedge against rising prices.

August gold rose $3.10, or 0.3%, to $938.50 an ounce on the Comex division of the New York Mercantile Exchange.

Our inhouse views on Gold Trading calls is that we firmly believe Gold trend forecast to trend higher and be in the long side of the trade till the middle of Aug 2009.

We have superimposed our inhouse Gold Forecast trend line on the price chart to indicate the price of Gold in the coming few weeks.

Happy Trading.