In the first 11 days of the new year nearly four percent of hike have been seen in gold has surprised investors. The international and domestic market price of gold is going to rise continuously. MCX December31, Rs 25,000 per ten gram, gold prices were close to, the time has gone beyond 26,000.
But according to experts, much of the gold rally is not sustainable. Experts believe that in the long term, gold prices may come down to 25,000.
Things become like 1980 :
Experts believe that gold have been rises in the last 11 days, but it will not remain for longer time. because the circumstances have become such as technical chart 1980. In the 61 months between the years 1980 and 1985, global gold prices was a decline of 55 percent. Existing technical charts are beginning to become just the situation since September 2011.
MCX NCDEX Tips Today :
Sell SoyaOil at Current market price 591.8,Target-585.1, Stoploss-596.1
SELL CRUDE OIL JANUARY BELOW 2080 ADD TILL 2115 STOPLOSS ABV 2148, TARGET-2038-1998
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