Weekly Global Pivots – 24th May 2010 to 28th May 2010

Gold Daily chart update – 21 May 2010

Dear Members,

Chart as on 21st May 2010: Gold has corrected in the range of $1174-$1154 given in my earlier update on 13th May 2010 from recent top of $1248,

higher gold prices drew in funds and CB to sell their holding @ new top.

The Recent fall has not yet affected the Gold Bull Run, trend line support exists @ $1140 (above in chart).
Gold has immediate resistance in range of $1185-$1195 by crossing which it may try to touch $1207 and $1217.

If gold failed to cross the immediate resistance range, it may fall further to find support @ $1140, $1124 levels.

Correlation between Gold and Dollar Index and Inverted correlation between Gold and Euro !!

Please find attached analysis for your reference. Gold has corrected as per my last report on 13 May 2010.

Gold Euro & Dollar Index Correlation 20 May 2010.pdf

Commodity Daily – A World of Possibilities Buzz from Gaurav Bhavsar

To: commoditydaily <commoditydaily>

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. 🙂

Global Weekly Pivots – 10th May 2010 to 14th May 2010

Gallantt Metal Bullish Symmetrical Continuation 11 May 2010

Dear Members,

Please find attached report for your kind reference.

Gallantt Metal Bullish Symmetrical Continuation 11 May 2010.pdf

Gold update 6th May 2010 IHNS formation.

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.

Euro Weekly chart update 5 May 2010

euro weekly chart trendline support 5 may 2010

euro weekly chart trendline support 5 may 20101

Global Weekly Pivots – 3rd May 2010 to 7th May 2010

Global Monthly Pivots – May 2010