Tuesday, February 9, 2010

Trade Update – Gold vs Dollar , which is better?

 

Related Posts:

http://dhanvarshagrp.blogspot.com/2010/02/us-non-farm-payroll-number-prediction.html

http://dhanvarshagrp.blogspot.com/2010/02/these-are-golden-moments.html

On 5th February just half an hour before the US Non Farm Payroll numbers were out, I predicted that USD is going to correct and Gold is looking for a rally. Today is 9th Feb and lets see how Gold vs Dollar & USD Index Futures looks like on the chart

Gold vs Dollar – Suggested a BUY @ 1050, LTP : 1078

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USD Index Futures

Suggested to short near $80.75 and last trade price is $80

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